Bank of Ghana warns of Daily Wealth Guide crypto scam

The Bank of Ghana (BoG) and the Securities and Exchange Commission (SEC) have issued a joint warning against a cryptocurrency investment scheme known as ‘Daily Wealth Guide’. The regulators stated that the platform is unlicensed and is using a doctored video on social media to falsely claim that President John Dramani Mahama endorses the scheme.

Authorities clarified that the Bank of Ghana has not licensed any individual or entity to engage in cryptocurrency investment. The regulators noted that the activities of the scheme constitute illegal deposit-taking under the Banks and Specialised Deposit-Taking Institutions Act, 2016 (Act 930).

Potential violators may face administrative penalties, requirements to refund collected funds, and referral to law enforcement for prosecution. The BoG also advised media organizations to verify the licenses of any investment platforms before broadcasting advertisements.