The Securities and Exchange Commission (SEC) has confirmed the arrest of four individuals — three Rwandan nationals and a Ghanaian — for allegedly orchestrating fraudulent investment schemes in the Northern Region.

According to the Commission, the arrests follow extensive investigations and form part of broader efforts to protect investors and reinforce confidence in Ghana’s capital market.

Deputy Director-General of the SEC, Mensah Thompson, speaking at an engagement with the Ghana Journalists Association, emphasized that the Commission remains resolute in safeguarding economic stability and will not compromise on measures to shield the public from financial harm.

“In-house, we have an investigation team that goes out to investigate these schemes, and two weeks ago, they were in the Northern Region.

They were able to arrest four people, 3 Rwandan nationals and one Ghanaian. They work with EOCO and the Ghana Police Service, and the suspects are currently standing trial,” he disclosed.

He added that the current economic gains which are boosting investor confidence will be strengthened “Ghana has just come out of a debt exchange programme which took a lot of confidence away from the capital market.

“Fortunately for us through prudent economic management and stability of the macroeconomic indicators we have seen confidence bouncing back in the capital market. We have seen an upwards trajectory in most of our key portfolios and it has become very necessary for us to protect these gains that we have made on these areas.”