Cyber Security Authority warns of online investment scams as victims lose GH¢3.4m in six months

Recent developments have brought attention to an important issue affecting the region and beyond.

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The Cyber Security Authority (CSA) has warned Ghanaians to be on high alert following a sharp rise in fraudulent online investment schemes that have cost victims more than GH¢3.4 million in the first half of 2026.

In a public advisory issued on Monday, July 6, the Authority disclosed that it recorded 352 cases of online investment fraud between January and June this year, with victims collectively losing GH¢3,429,447.

According to the CSA, fraudsters are increasingly using social media platforms to promote fake investment opportunities while directing victims to make payments through mobile money platforms.

“In their bid to appear credible, threat actors falsely present their schemes as subsidiaries of established foreign companies,” the Authority said.

Authorities urge the public to remain vigilant and report any suspicious activities to the appropriate channels. For more on this topic, see SHS heads advocate publication of disciplinary data to curb indiscipline in schools. For more on this topic, see Why are coaches sacked but technical leadership spared? – Uncle Ebo Whyte on Black Stars exit.

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