The Cyber Security Authority (CSA) has issued a public alert over a surge in fraudulent online investment schemes, revealing that victims lost more than GH¢3.4 million in the first six months of 2026.
According to the Authority, it recorded 352 cases of online investment fraud between January and June, with total financial losses amounting to GH¢3,429,447.
The CSA explained that the scammers operate under various aliases or pseudonyms and lure unsuspecting victims with promises of unusually high investment returns. The fraudsters primarily use social media to advertise their schemes while relying on mobile money platforms to receive payments.
To gain credibility, the Authority said the perpetrators often falsely claim to be subsidiaries of established foreign companies, citing Darazz, a legitimate Pakistan-based e-commerce company, as one example. Victims are also persuaded to invest in purported crypto-mining equipment leases or online business tasks, only to lose both their capital and the promised returns.
Furthermore, the CSA noted that the fraudsters frequently rebrand their operations to evade law enforcement agencies, regulators and the public. Some of the names currently associated with the schemes include Darazz, Daily Trade, Ghstore, KUKA and Edollar.
Meanwhile, the Authority has urged the public to exercise caution when dealing with online platforms promising exceptionally high returns. It also advised individuals to avoid joining unsolicited WhatsApp investment groups or responding to messages claiming affiliation with reputable organisations.
Additionally, the CSA encouraged the public to verify the legitimacy of investment opportunities through official channels or recognised regulatory bodies before committing funds.
The Authority further appealed to the public to report suspicious contacts or fraudulent investment schemes to the CSA through its 24-hour Cybersecurity/Cybercrime Incident Reporting Points of Contact for investigation and guidance.
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