The Securities and Exchange Commission (SEC) has cautioned the public against investing in 23 entities operating without licences to offer investment products in Ghana.

In a public notice dated July 22, 2026, the SEC said the entities have been operating on social media and online, promoting and offering unlicensed investment products.

According to the Commission, none of the listed entities has been licensed to undertake capital market activities as required under Section 3 of the Securities Industry Act, 2016 (Act 929), as amended.

The entities named by the SEC are:

1. Afri Hub

2. BG Wealth

3. BP Investment

4. Creative Walker Promotion Company (CWPC)

5. Dallmayr

6. Expert (Expect) Option

7. GAIP Securities Learning & Exchange Group

8. Ghana Vest

9. Harvest Fund

10. Infarms/Secure Farm

11. Kukafor Platform

12. Mazzuma

13. Medisyne Trade

14. NIO Platform

15. Profit Rise Invest

16. Quant Vest Stock Exchange (QVSE)

17. QVES

18. QX Broker/Qumatix

19. Smart Gain

20. Yepbit Trading

21. ZEC ZEC FX

22. Bonchat

23. Ultima Cryptocurrency Group

The SEC said it is collaborating with law enforcement agencies to clamp down on the individuals behind the entities and their investment schemes.

It has therefore advised the public to remain vigilant and refrain from investing in products offered by the listed entities.

The Commission also urged prospective investors to verify the licensing status of any entity offering investment products or services in the capital market before committing funds.

The SEC said members of the public can confirm the licensing status of investment firms by contacting the Commission through its toll-free line, 0800 100065, its main lines 0302 768970-2, or by email at [email protected].

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