The Cyber Security Authority (CSA) has warned of a surge in fraudulent online investment schemes after Ghanaians lost more than GH¢3.4 million to scammers in the first half of 2026.
The Authority said it recorded 352 cases of online investment fraud between January and June, with victims losing a combined GH¢3,429,447.
In a public alert issued on July 6, 2026, the CSA said fraudsters were using multiple identities to lure unsuspecting investors with promises of unusually high returns. The schemes are promoted mainly through social media, while payments are typically made via mobile money.
To gain credibility, the scammers often claim to be subsidiaries or affiliates of well-known foreign companies. The Authority cited Darazz, a legitimate Pakistan-based e-commerce company, as one of the brands whose identity has been fraudulently exploited.
According to the CSA, victims are encouraged to invest in purported crypto-mining equipment leasing ventures or online business task platforms with assurances of substantial profits. Once payments are made, however, investors neither receive the promised returns nor recover their capital.
The Authority said the operators frequently change their identities to evade detection by law enforcement agencies and regulators. Among the names currently linked to the schemes are Darazz, Daily Trade, Ghstore, KUKA and Edollar.
The CSA urged the public to be wary of investment opportunities promising unrealistic returns and advised against joining unsolicited WhatsApp groups or responding to messages claiming links to reputable organisations.
It also encouraged prospective investors to verify investment opportunities through official channels or recognised regulatory bodies before committing funds and urged victims and members of the public to report suspected scams to support investigations.
