The Cyber Security Authority (CSA) reports that in the first 29 days of 2025, unscrupulous online investment schemes cost Ghanaians about GHS 65,860.
The frauds, which mostly take place on social media, lure victims in with promises of enormous profits only to leave them with crippling losses.
At least ten examples have been documented by the CSA thus far, in which scammers have gained credibility by posing as subsidiaries of well-known international businesses, such as the Canadian-based Hut 8 Corporation.
The schemes use targeted social media ads to convince victims to invest in fictitious online business operations or leases for bitcoin mining equipment.
