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NCA, SEC and NMC engage broadcasters to tackle fraudulent investment schemes

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NCA, SEC and NMC engage broadcasters to tackle fraudulent investment schemes
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The National Communications Authority (NCA), in collaboration with the Securities and Exchange Commission (SEC) and the National Media Commission (NMC), has engaged FM and television broadcasting stations as part of efforts to strengthen public protection against fraudulent investment schemes and unethical broadcast content.

The engagement, held at the NCA Tower, was aimed at educating broadcasters on their responsibilities in vetting advertisements and promotional content, particularly investment-related materials that could expose the public to financial harm.

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Speaking on behalf of the Acting Deputy Director-General in charge of Technical Operations at the NCA, the Head of the Engineering Division, Mr. Bernard Amissah-Ocran, emphasised the shared responsibility of regulators and broadcasters in safeguarding the integrity of the airwaves.

“As regulators and operators, we are collectively entrusted with ensuring that the airwaves remain safe, credible, and in the public interest. This includes exercising vigilance over broadcast content, particularly advertisements and promotions that may expose the public to financial harm,” he said.

Mr. Amissah-Ocran described the engagement as timely and necessary, noting that it provided an opportunity for the SEC to educate broadcasters on the warning signs and regulatory implications of fraudulent investment schemes.

He also stressed the importance of inter-agency collaboration among the NCA, SEC and NMC in addressing cross-sectoral challenges within the media and financial sectors.

In his remarks, the Executive Secretary of the National Media Commission, Mr. George Sarpong, underscored the need for stronger collaboration between regulators and broadcasters in responding to emerging challenges in the media space.

He urged broadcasters to actively use their platforms to educate the public on issues that pose risks to society.

Mr. Sarpong further called for the establishment of formal platforms that would enable regulators to collectively address emerging threats and enhance coordinated responses across sectors.

The Deputy Director-General of the Securities and Exchange Commission, Mr. Mensah Thompson, noted that fraudulent investment schemes not only undermine investor confidence but also erode public trust in legitimate financial and media institutions.

He highlighted that while the rapid growth of new media and digital platforms presents opportunities for innovation and economic growth, it also introduces new risks.

According to him, the engagement forms part of ongoing efforts by
the NCA, NMC and SEC to strengthen regulatory oversight, enhance inter-agency collaboration, and protect the public from financial and digital risks within Ghana’s evolving media landscape.

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