Ghana’s Cyber Security Authority (CSA) has warned the public of a sharp rise in fraudulent online investment schemes operating under various aliases.
According to a statement issued by the authority, scammers are using targeted social media advertisements to lure victims with promises of high returns, executing transactions primarily through mobile money.
In the first six months of 2026, the CSA recorded 352 cases, resulting in a total financial loss of GHS 3,429,447.
To build credibility, fraudsters falsely present their schemes as subsidiaries of established foreign companies. The CSA highlighted “Darazz”—a legitimate e-commerce company headquartered in Pakistan—as one of the brands being mimicked.
Other aliases currently being used by scammers include Daily Trade, Ghstore, KUKA, and Edollar.
The authority explained that the fraudsters frequently rebrand to evade detection by law enforcement, regulators, and users.
“The scammers ran targeted advertisements on social media platforms where eventual victims are encouraged to invest money. In some cases, victims are told their investments will fund crypto-mining equipment leases or online business tasks.
Victims are promised substantial returns, but once funds are transferred, they neither receive any returns nor recover their initial investment,” CSA said.
It added that “the threat actors frequently rebrand themselves to evade detection by law enforcement agencies, local regulators and users”.
The CSA has urged the Ghanaian public to remain vigilant and offered several recommendations to avoid falling victim to these schemes.
“Be cautious of online platforms promising unusually high returns on investments.”
Refrain from joining WhatsApp groups or responding to unsolicited messages claiming affiliation with reputable organisations,” and “Always verify the legitimacy and credibility of investment opportunities by consulting official channels or recognised regulatory bodies.”
The authority has also urged the public to report any suspicious contacts or fraudulent activity immediately.
“Report any suspicious contacts or fraudulent schemes to the CSA for further investigations. The CSA has a 24-hour Cybersecurity/Cybercrime Incident Reporting Points of Contact (PoC) for reporting cybercrimes and receiving guidance and clarification on suspected scams. Contact us via Call or Text – 292, WhatsApp – 0501603111, or Email – report@csa.gov.gh”, the statement concluded.
By: Rainbowradioonline.com/Ghana
