Accra, Ghana – The Cyber Security Authority (CSA) has issued a public alert warning Ghanaians to be vigilant against a growing number of fraudulent online investment schemes that have caused millions of cedis in financial losses across the country.

According to the Authority, scammers are increasingly using social media platforms and mobile money services to lure unsuspecting victims with promises of unusually high investment returns.

GH¢3.4 Million Lost in First Half of 2026

The CSA disclosed that it recorded 352 cases of fraudulent online investment schemes during the first six months of 2026, resulting in a total financial loss of GH¢3,429,447.

The Authority said the alarming increase highlights the need for greater public awareness and caution when dealing with online investment opportunities.

How the Scammers Operate

According to the CSA, fraudsters often disguise themselves as subsidiaries or affiliates of well-known international companies in an attempt to appear legitimate.

Victims are targeted through advertisements on social media and messaging platforms, where they are encouraged to invest money with promises of substantial profits.

In some cases, victims are told their investments will fund cryptocurrency mining, equipment leasing, or online business activities. However, once funds are transferred, victims neither receive the promised returns nor recover their initial investments.

The Authority also warned that scammers frequently change their identities and brand names to avoid detection by law enforcement agencies and regulators.

Among the names recently associated with these fraudulent schemes are Darazz, Daily Trade, Ghstore, KUKA, and Edollar.

CSA Advises Public to Stay Alert

To protect the public, the Cyber Security Authority urged Ghanaians to:

• Avoid investment platforms promising unusually high or guaranteed returns.
• Refrain from joining WhatsApp groups or responding to unsolicited investment messages.
• Verify the legitimacy of investment opportunities through official regulatory bodies before making any payments.
• Report suspected scams and fraudulent schemes to the Cyber Security Authority for investigation.

Report Suspicious Activities

The CSA encouraged members of the public to report cybercrime incidents through its 24-hour reporting channels for guidance and assistance.

The Authority reaffirmed its commitment to working with stakeholders to combat online fraud and protect citizens from cyber-enabled financial crimes.

As online investment scams continue to evolve, the Cyber Security Authority is urging Ghanaians to remain vigilant and verify every investment opportunity before committing their funds.