The Cyber Security Authority (CSA) has raised an alarm over a surge in fraudulent online investment schemes, revealing that victims lost a total of GH¢3,429,447 in the first six months of 2026.
According to a public alert issued on July 6, 2026, the Authority recorded 352 cases of fraudulent online investment schemes between January and June 2026.
It said the scams operate under various pseudonyms and lure victims with promises of high investment returns, mainly using social media for advertisements and mobile money for transactions.
“In the first six (6) months of 2026, the CSA recorded 352 of such cases, amounting to a total financial loss of GHS 3,429,447,” the Authority disclosed.
The CSA said the threat actors often present their schemes as subsidiaries of established foreign companies to appear credible, citing Darazz, a legitimate e-commerce company headquartered in Pakistan, as an example.
According to the Authority, these scamming advertisements run on social media platforms encourage people to invest money, where they are in most cases 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.
“The threat actors frequently rebrand themselves to evade detection by law enforcement agencies, local regulators, and users. The latest names being employed include Darazz, Daily trade, Ghstore, KUKA, and Edollar.”
The Authority advised the public to be cautious of online platforms promising unusually high investment returns or responding to unsolicited messages claiming affiliation with reputable organisations.
However, it highlighted the importance of verifying the legitimacy of investment opportunities through official channels or recognised regulatory bodies.
It also urged the public to report suspicious contacts or fraudulent schemes to the Cyber Security Authority for further investigation and action.
