Mensah Thompson is the Deputy Director-General of the SEC
The Securities and Exchange Commission (SEC) of Ghana has issued a strong warning to social media influencers against the unauthorised promotion of cryptocurrencies and other virtual asset products.
The directive was delivered by the Deputy Director-General of the SEC, Mensah Thompson, on December 22, 2025, during the inaugural National Virtual Asset Literacy Programme, an initiative aimed at protecting the public.
“It is imperative to recognise the volatility of the virtual asset space, and that is why specific roles have been designed to guide advertising, promotion, and advocacy,” he stated.
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The SEC’s warning comes amid growing concerns over the unregulated promotion of virtual assets, which could potentially mislead the public.
Thompson stressed that influencers must comply with existing regulations before engaging in any form of advocacy.
“Influencers interested in this space need to remember that there are rules governing advocacy and influencing within the virtual asset arena. Only licensed and authorised individuals are permitted to engage in advocacy, advertising, or promotion of virtual assets,” he emphasised.
Under the new directive, influencers are required to obtain proper authorisation from both the SEC and the Bank of Ghana (BoG) before participating in any advertising or promotion related to cryptocurrencies and other virtual assets.
“We are sending this message to all influencers: if you wish to work in this area, please contact the SEC and the Bank of Ghana to understand the rules that guide these activities,” he said.
The move is aimed at ensuring that all financial product promotions comply with regulatory standards and at protecting consumers from potential risks associated with virtual assets.
Thompson concluded by reiterating the Commission’s position, “Lastly, I stress that you must be licensed to promote or advertise cryptocurrency in Ghana.”
The SEC noted that the initiative reflects a broader effort, in collaboration with the Bank of Ghana, to enhance public education on virtual assets, promote financial literacy, and safeguard the integrity of Ghana’s financial system.
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The Securities and Exchange Commission (SEC) has cautioned social media influencers in Ghana against advertising or promoting cryptocurrency and other virtual asset products without the required authorization from the SEC and the Bank of Ghana (BoG).
The warning was issued by… pic.twitter.com/sHJLa8fvEr
— EDHUB🌍ℹ (@eddie_wrt) December 22, 2025
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Source:
www.ghanaweb.com
