Managing Director of Ecobank Ghana, Abena Osei-Poku, has issued a strong warning to student investors about the growing threat of Ponzi schemes, stressing the importance of due diligence before committing to any investment.
Speaking at the University of Ghana SRC Investment Seminar, themed “The Student Investor.”
She educated participants on common red flags associated with fraudulent investment schemes, particularly those that promise abnormally high returns.
“One of the biggest signs of a Ponzi scheme is the promise of unrealistic returns,” she noted.
“Think twice if someone promises to double your money in a month. Real investments follow market dynamics which are influenced by demand and supply. If it seems too good to be true, ask: what are they investing in to make such returns possible?”
She further explained that legitimate investments are inherently subject to market fluctuations and cannot guarantee fixed or excessive returns.
Abena also raised concerns about regulatory oversight, advising students to verify the legitimacy of investment institutions.
“It is crucial to question who exactly is regulating these entities. Is it indeed the Bank of Ghana? When you notice their certifications are not accurate or verifiable, that’s a clear red flag.”
The seminar, organized by the University of Ghana SRC, brought together finance experts, students, and young professionals to discuss safe investment practices, wealth building, and the role of youth in Ghana’s financial future.
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Story by: Yvonne Jatoe-Kaleo | univers.ug.edu.gh
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