The Cyber Security Authority (CSA) has warned the public about a sharp increase in fraudulent online investment schemes operating under different aliases, following a surge in reported cyber fraud cases across the country.
In a statement issued on July 6, 2026, the Authority disclosed that it recorded 352 cases of fraudulent online investment schemes during the first six months of the year, resulting in total financial losses of GH¢3,429,447.
According to the CSA, the scammers typically entice victims with promises of unusually high investment returns and primarily use social media platforms to advertise their schemes, while relying on mobile money services to receive payments.
The Authority explained that to appear credible, the fraudsters falsely claim to be subsidiaries or affiliates of established foreign companies. One such example is Darazz, which they falsely present as being linked to a legitimate e-commerce company headquartered in Pakistan.
The statement noted that victims are often persuaded to invest funds with claims that their money will be used for cryptocurrency mining equipment leases or online business tasks. However, after making payments, victims neither receive the promised returns nor recover their initial investments.
The CSA further revealed that the perpetrators frequently change their identities to avoid detection by law enforcement agencies, regulators, and the public. Some of the latest names being used include Darazz, Daily Trade, Ghstore, KUKA, and Edollar.
The Authority has therefore advised the public to exercise caution when dealing with online investment platforms that promise exceptionally high returns. It also urged individuals to avoid joining WhatsApp groups or responding to unsolicited messages claiming affiliation with reputable organisations.
Additionally, the CSA encouraged the public to verify the legitimacy of any investment opportunity through official channels or recognised regulatory bodies before committing funds.
The Authority further urged members of the public to report suspicious contacts or fraudulent investment schemes for investigation through its 24-hour Cybersecurity and Cybercrime Incident Reporting Centre by calling or texting 292, sending a WhatsApp message to 0501603111, or emailing report@csa.gov.gh.
The CSA reiterated its commitment to protecting the public from cybercrime and called on Ghanaians to remain vigilant against online investment scams.
