The Cyber Security Authority (CSA) has raised alarm over a sharp rise in fraudulent online investment schemes after hundreds of Ghanaians lost more than GH¢3.4 million in the first half of 2026.
According to the Authority, it recorded 352 cases of online investment fraud between January and June 2026, with victims losing a combined GH¢3,429,447.
The warning was contained in a public alert issued on July 6, 2026, in which the CSA cautioned the public against investment schemes that promise unrealistic returns.
Scammers using fake identities
The Authority said the fraudsters operate under different aliases and pseudonyms while using social media platforms to advertise fake investment opportunities. They mainly rely on mobile money transactions to collect funds from victims.
According to the CSA, the scammers often present themselves as subsidiaries or affiliates of well-known foreign companies to gain public trust.
One example cited is Daraz, the legitimate Pakistan-based e-commerce company, whose name has allegedly been used without authorisation to make fraudulent schemes appear genuine.
The Authority said some victims are persuaded to invest in supposed crypto-mining equipment leases or online business ventures with promises of substantial profits.
“Victims are promised substantial returns, but once funds are transferred, they neither receive any returns nor recover their initial investment,” the CSA stated.
Fraudsters constantly change names
The CSA warned that the perpetrators frequently rebrand their operations to evade detection by law enforcement agencies, regulators and the public.
The latest names linked to the fraudulent schemes include Daraz, Daily Trade, Ghstore, KUKA and Edollar.
Public urged to verify investment opportunities
The Authority advised the public to exercise caution when dealing with online investment platforms that promise unusually high returns.
It also urged individuals to avoid joining suspicious WhatsApp groups or responding to unsolicited messages claiming links to reputable organisations.
The CSA encouraged prospective investors to verify the legitimacy of investment opportunities through official channels or recognised regulatory institutions before committing any funds.
Report suspected scams
The Authority called on the public to report suspicious investment schemes and cyber fraud for investigation.
Its 24-hour Cybersecurity/Cybercrime Incident Reporting Points of Contact can be reached through:
- Call or Text: 292
- WhatsApp: 0501603111
- Email: report@csa.gov.gh
The CSA said prompt reporting of suspected scams will help authorities investigate fraudulent schemes and protect more Ghanaians from falling victim to online investment fraud.
