Ghana’s Securities and Exchange Commission (SEC) issued a public warning that an online investment scheme promoted by Mekanism Marketing Ltd, also referred to as “Mekanism”, is operating without SEC authorisation and that any investment activity it promotes constitutes an illegal capital market activity in Ghana. The SEC said the scheme uses social media and online platforms to solicit deposits, promises fixed daily returns that vary with the amount invested, and requires participants to perform vague tasks labelled “Job 1” to “Job 10” to earn income. It cited Securities Industry Act, 2016 (Act 929) restrictions on carrying out capital market activities without a valid licence and noted that contraventions may attract administrative and criminal sanctions, alongside Companies Act, 2019 (Act 992) limits on public invitations to invest. The SEC said it is collaborating with relevant law enforcement agencies to identify those behind the suspected scheme and take appropriate action, and urged the public to verify the licensing status of any investment provider before committing funds.
Securities and Exchange Commission Ghana 2026-02-16
Ghana’s Securities and Exchange Commission warns investors against unlicensed Mekanism Marketing Ltd scheme and steps up enforcement
The Securities and Exchange Commission Ghana warned against Mekanism Marketing Ltd for running an unauthorized online investment scheme, constituting illegal capital market activity. The scheme solicits deposits via social media, promises fixed daily returns, and requires participants to perform tasks for income. The SEC is working with law enforcement to address the issue and advises the public to verify the licensing status of investment providers.