The Securities and Exchange Commission (SEC) Ghana has cautioned the general public against investing in some 23 unlicensed entities operating on social media and online platforms, promoting and offering unlicensed investment products to the public.
In a statement released on July 22,2026, the Commission stated that none of the 23 listed entities has been licensed to carry out capital market activities as mandated by Section 3 of the Securities Industry Act, 2016 (Act 929) as amended and hence urged the public to desist from investing in these schemes.
The SEC further stated that it is currently collaborating with law enforcement agencies to clamp down on the persons behind these entities and schemes and urged the public to remain vigilant.
The following entities were named in the notice:
Afri Hub, BG Wealth, BP Investment, Creative Walker Promotion Company (CWPC), Dallmayr, Expert (Expect) Option, GAIP Securities Learning and Exchange Group, Ghana Vest, Harvest Fund, Infarms/Secure Farm, Kukafor Platform, Mazzuma, Medisyne Trade, NIO Platform, Profit Rise Invest, Quant Vest Stock Exchange (QVSE), QVES, QX Broker/Qumatix, Smart Gain, Yepbit Trading, ZEC ZEC FX, Bonchat, and Ultima Cryptocurrency Group.
The Commission consequently warned the general public to be vigilant and to desist from investing in these unlicensed products.
SEC is a government agency responsible for protecting investors, maintaining fair and orderly markets, and facilitating capital formation.
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