President of Ghana publicly expresses support for Solana to foster financial technology progress
In a recent turn of events, President John Dramani Mahama of Ghana has not personally endorsed the Solana Africa memecoin project, as initially perceived by many. Instead, his official Twitter account was hacked and used to promote a fake meme coin, according to credible fintech-focused reporting[1].
The hacking incident, a key part of the scam, aimed to mislead the public into believing that the President had endorsed the Solana Africa memecoin. However, it is important to note that no official endorsement was made by the President.
The Solana Africa memecoin, which briefly rose in value upon launch before quickly dropping, was linked to a scam. The project, as mentioned in the deleted tweets, is not announced on the Bank of Ghana's website. Furthermore, the memecoin's website incorrectly names Dean Adansi as the governor of the Bank of Ghana and the deceased Ghanaian politician John Kumah as Ghana's deputy minister of finance.
As of late June 2025, the search results do not provide detailed or updated information on any official investigation outcomes or ongoing proceedings regarding the hacking incident and the scam. The incident was exposed and reported, but specific details on investigations or legal follow-ups remain undisclosed in the available sources[1].
Despite the hacking incident, President John Dramani Mahama has expressed support for the blockchain and cryptocurrency network Solana. He has endorsed Solana to help drive financial inclusion in Africa, praising its low transaction costs in a social media post.
This incident serves as a reminder for individuals and organisations to stay vigilant against hacking schemes, particularly those promoting memecoins, which have become increasingly common in recent months. It is crucial to verify information and ensure that endorsements come from authentic sources.
[1] Source: Fintech Focus, June 2025.
- The Solana Africa memecoin, falsely endorsed by a hacked presidential account, was part of a scam that aimed to mislead the public.
- Despite the hacking incident, President John Dramani Mahama has expressed support for the blockchain and cryptocurrency network Solana, citing its potential for financial inclusion in Africa.
- The project's website incorrectly listed Dean Adansi as the governor of the Bank of Ghana and the late John Kumah as Ghana's deputy minister of finance.
- As of late June 2025, no official investigation outcomes or proceedings regarding the hacking incident and the scam have been made public.
- The Fintech Focus report suggests that individuals and organizations should stay vigilant against hacking schemes, particularly those promoting memecoins, which have proliferated in recent months.
- It is essential to verify information and ensure that endorsements come from authentic sources to avoid falling prey to such scams and the negative implications they can have on the general-news, business, politics, and fintech sectors.
