Ghana warns against unlicensed investments
By the AFREEQUE newsroom, based on Theghanareport
Ghana’s Securities and Exchange Commission is warning against unlicensed investments promising extraordinary returns and urging the public to check operators. Its director-general James Klutse Avedzi issued the warning in Sunyani during a financial education programme, according to the commission.
The Securities and Exchange Commission (SEC), Ghana’s financial markets regulator, has warned against unlicensed investments promising exceptional returns. Its director-general, James Klutse Avedzi, urged savers to check operators’ authorisations before investing, at a financial education meeting in Sunyani, The Ghana Report reports.
Mr Avedzi stressed that offers circulated on WhatsApp, Telegram, TikTok and other digital platforms can be used to deceive investors. Some use fake endorsements, sophisticated promotional materials or artificial intelligence-generated videos and promise monthly returns of 30% or more.
The SEC official warned against guaranteed profits and pressure tactics aimed at pushing the public to invest without verification. He presented sound savings and investment decision-making as a skill useful to everyone, not only finance professionals or wealthy investors.
Summary produced with the help of artificial intelligence tools, under AFREEQUE’s editorial responsibility.
