The Securities and Exchange Commission (SEC) has issued a public warning after identifying 33 television stations airing suspected fraudulent “money-doubling” investment schemes across the country.

In a statement dated November 24, 2025, the Commission expressed concern over advertisements promoting unlicensed schemes targeting unsuspecting Ghanaians.

“The Securities and Exchange Commission (SEC) has observed with concern advertisements of suspected fraudulent investment schemes (also referred to as ‘money-doubling’ schemes) on television channels and social media platforms. These schemes are being advertised without the approval of the SEC as required under Section 3(b) of the Securities Industry Act, 2016 (Act 929),” the statement said.

Public Alert: SEC warns of fraudulent investment schemes by News GH, Ghana News

The SEC warned that investing in such schemes carries significant financial risks and urged the public to verify the licensing status of any firm or individuals offering investment services.

“The SEC wishes to advise the public to be cautious and avoid investing in such schemes. The public is encouraged to verify the licensing status of any firm or group of persons offering investment services by contacting the SEC,” it added.

Securities and Exchange Commission cracks down on investment scams

Read the full statement below:





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