![Chairman of Public Accounts Committee, James Klutse Avedzi [Credit: Parliament of Ghana via Facebook]](https://www.adomonline.com/wp-content/uploads/2024/08/image_2024-08-28_041623583.png "Chairman of Public Accounts Committee, James Klutse Avedzi [Credit: Parliament of Ghana via Facebook]")
The Securities and Exchange Commission (SEC) has issued a strong warning to the public against investing in unlicensed investment products being advertised by News GH and Ghana News on various social media platforms.
In a statement released on July 1, 2025, the SEC urged the general public to exercise vigilance and caution, and to desist from engaging with these unlicensed schemes.
According to the SEC:
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News GH is promoting an unlicensed investment product named “Gold AI Rise Platform.”
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Ghana News is advertising an unnamed investment product, promising unrealistic returns with no risk.
The statement clarified that neither News GH nor Ghana News has been licensed by the SEC to carry out capital market activities, as required under Section 3 of the Securities Industry Act, 2016 (Act 929) as amended.
“The SEC is currently collaborating with law enforcement agencies to clamp down on the individuals behind these entities,” the statement added.
SEC’s Role and Public Advisory
The Commission reiterated its commitment to monitoring activities in the securities market and protecting investors. It also pledged to continue publishing relevant information at regular intervals to educate and inform the public.
The SEC advised the public to verify the licensing status of any entity offering investment services or products by contacting the Commission directly through the following channels:
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Toll-free line: 0800-100065
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Main lines: 0302-768970 / 0302-768971 / 0302-768972
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Email: info@sec.gov.gh
The Commission emphasized that any promise of high returns with no risk is a red flag and urged investors to conduct thorough checks before engaging in any capital market activities.