The Securities and Exchange Commission (SEC) has cautioned the public against engaging with 23 entities promoting and offering unlicensed investment products through social media and other online platforms.

In a public notice issued on July 22, 2026, the Commission said the listed entities have not been authorised to conduct capital market activities in Ghana as required under Section 3 of the Securities Industry Act, 2016 (Act 929), as amended.

The SEC urged investors to exercise caution and verify the legitimacy of investment platforms before committing funds to avoid potential losses.

The affected entities include AfriHub, BG Wealth, BP Investment, Creative Walker Promotion Company (CWPC), Dallmayr, Expert (Expect) Option, GAIP Securities Learning & Exchange Group, Ghana Vest, Harvest Fund, Infarms/Secure Farm, Kukafor Platform, Mazzuma, Medisyne Trade, NIO Platform, Profit Rise Invest, QuantVest Stock Exchange (QVSE), QVES, QX Broker/Qumatix, Smart Gain, Yepbit Trading, ZEC ZEC FX, Bonchat and Ultima Cryptocurrency Group.

According to the SEC, it is working closely with law enforcement agencies to identify and take action against the individuals behind the unauthorised investment schemes.

The Commission advised the public to exercise caution and avoid investing in any products or services offered by the listed entities.

It also urged prospective investors to verify the licensing status of any individual or organisation offering investment products or capital market services before committing their funds.

Members of the public can confirm whether an investment firm is licensed by contacting the SEC through its toll-free line 0800 100065, its main telephone numbers 0302 768970-2, or by sending an email to [email protected].

The Commission noted that the public notice was issued pursuant to Sections 3 and 208(c) of the Securities Industry Act, 2016 (Act 929), as amended.