The Cyber Security Authority (CSA) has issued a public alert over a sharp rise in fraudulent online investment schemes, warning Ghanaians to be cautious of platforms promising unrealistic returns on investments.
According to the Authority, it recorded 352 cases of online investment fraud during the first six months of 2026, with victims losing a combined GH¢3,429,447.
In a statement issued on July 6, the CSA said the fraudsters primarily use social media advertisements and mobile money platforms to lure unsuspecting victims with promises of high returns.
The Authority noted that the scammers often present themselves as subsidiaries of well-known foreign companies to appear credible. One example cited was Darazz, which falsely purports to be associated with a legitimate Pakistan-based e-commerce company.
According to the CSA, victims are encouraged to invest money through various schemes, including purported cryptocurrency mining equipment leases and online business tasks, with promises of substantial profits. However, once payments are made, victims neither receive the promised returns nor recover their initial investments.
The Authority further revealed that the perpetrators frequently change the names of their schemes to avoid detection by law enforcement agencies, regulators, and the public. Some of the latest names identified include Darazz, Daily Trade, Ghstore, KUKA, and Edollar.
The CSA has advised the public to exercise caution when approached with online investment opportunities that promise unusually high returns. It also urged individuals to avoid joining WhatsApp groups or responding to unsolicited messages claiming affiliation with reputable organisations without first verifying their authenticity.
The Authority encouraged the public to verify all investment opportunities through official channels or recognised regulatory bodies before committing any funds.
Members of the public are also urged to report suspected scams and cybercrime incidents to the CSA through its 24-hour reporting channels by calling or texting 292, sending a WhatsApp message to 0501603111, or emailing report@csa.gov.gh.
The Cyber Security Authority says it remains committed to protecting the public from cyber-enabled fraud and continues to work with relevant stakeholders to combat online financial scams
By: Bernard Mensah |Planbfmonline.com
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