The Bank of Ghana, the country’s central bank has issued a fraud alert on MMM Ghana.

MMM Ghana is owned by MMM Global affiliate. This is the same group of people who ran MMM Nigeria, Ponzi scheme that wrecked many Nigerian investors before it collapsed in December 2016.

Bank of Ghana through its spokesperson, Caroline Otoo, said:

It has come to the notice of the Management of the Bank of Ghana that anEntity named MMM Ghana apart from operating a virtual office is moving from place to place and mobilizing deposits from the general public.