The Bank of Ghana has cautioned the public against dealing with unlicensed individuals or entities, including so-called foreign investors, that solicit deposits.
In a public notice dated September 1, 2026, and signed by the Secretary of the Bank, Aimee Vyda Quashie, the central bank encouraged the public to verify the licensing status of any individual or entity with the Bank of Ghana or other relevant authorities before depositing funds with them.
Members of the public were reminded to place deposits only with institutions licensed by the Bank of Ghana and other relevant authorities.
The Bank of Ghana also directed all media outlets, including radio, television and online channels, not to permit the advertisement of these foreign investors on their platforms. Media houses were encouraged to verify the licensing status of such entities with the Bank of Ghana before advertising their products and services.
The public was urged not to engage in such activities and to report any suspected illegal operations to the Financial Stability Department of the Bank of Ghana.
The Bank of Ghana and the Securities and Exchange Commission stated that they will not hesitate to seek the assistance of law enforcement agencies to arrest and prosecute persons found culpable.
The public was advised to take note and be guided accordingly.
