GH¢65K Lost to Online Investment Scams in January – CSA Warns.
The Cyber Security Authority (CSA) has raised alarms over a rise in online investment fraud, with victims losing GH¢65,860 within the first month of 2025. Fraudsters, often posing as subsidiaries of well-known international companies, lure unsuspecting individuals through social media ads, promising high returns on investments.According to the CSA, these scams frequently involve mobile money transactions and claims of funding crypto-mining equipment or online business tasks. However, victims never receive any returns after transferring funds. The scammers also rebrand under new names to avoid detection.The CSA has identified fraudulent names such as M.F.A., Sunnovagh, Iseetv, Okmarket, and Phoenix. Ghanaians are urged to verify investment opportunities through official channels, avoid unsolicited WhatsApp groups, and report suspicious activities to authorities.