The Securities and Exchange Commission, Ghana, hereinafter referred to as the “SEC”, is mandated to regulate and promote the growth and development of an efficient, fair and transparent securities market in which investors, and the integrity of the market are protected.

The SEC wishes to put the General Public on notice about the rise in suspected fraudulent investment schemes (also termed ‘money doubling’ schemes) being advertised on some television channels in the country. These schemes are fraudulent schemes designed to get members of the public to give money for higher returns at little or no risk.

By this Notice, the SEC hereby informs the public that it has not approved, authorized or licensed any of the schemes being advertised on these television channels. The SEC therefore draws the attention of the General Public to these fraudulent activities and advises the Public to be vigilant and to desist from investing in their unlicensed products.

Furthermore, the SEC wishes to caution those involved in these nefarious activities, reference to sections 144 (1) of the Securities Industry Act as amended and 294(1) (b) of the Companies Act, that it is a criminal offence to engage in public invitations and advertisements on securities-related products and services without a license or recourse to the SEC.

The SEC wishes to urge the  Public to call its toll-free line number 0800100065 or main-line number 0302768970-2 or send an email to info@sec.gov.gh to confirm the licensing status of any firm or group of people offering products or services relating to investments in the Capital Market.

The entities that have been identified by the SEC to have engaged in these deceptive advertisements include the following:

This Public Notice is issued pursuant to sections 3 and 208(c) of the Securities Industry Act, 2016 (Act 929), as amended.

ISSUED BY ORDER OF
THE SECURITIES AND EXCHANGE COMMISSION (SEC)
DATED: NOVEMBER 24, 2025

(NOTICE NO. SEC/PN/001/11/2025)

Download the Public Notice here