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BoG Warns Public Against SIDICOIN Investment Scheme



The Bank of Ghana (BoG) has warned the public against the impending launch of a cryptocurrency investment scheme named ‘SIDICOIN’.

According to the BoG, neither the investment scheme nor the promoters of the company have obtained the approval from the BoG to operate in the banking and payment services sector in the country.

“The general public is advised to exercise caution with regards to trading in cryptocurrencies and other unregulated investments scheme,” the notice dated 27th April 2022 issued in Accra and signed by Secretary to BoG, Sandra Thompson warned.

Attached is the full statement from the BoG


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