The Securities and Exchange Commission (SEC) of Ghana has issued a public warning about an unlicensed investment scheme being promoted online by Mekanism Marketing Ltd, also operating as “Mekanism.”
In its notice, the SEC clarified that the company is neither licensed nor authorised to operate in Ghana’s capital market, making its activities illegal.
Dated February 16, the notice states that the scheme solicits funds from the public via social media and online platforms, offering unrealistic fixed daily returns linked to tasks labeled “Job 1” through “Job 10.”
The SEC described these promised returns as unsustainable and indicative of a fraudulent scheme designed to exploit unsuspecting investors.
The Commission warned that operating without a valid licence violates the Securities Industry Act, 2016 (Act 929), and the Companies Act, 2019 (Act 992), and those found in breach are liable to both administrative and criminal penalties.
SEC is coordinating with law enforcement agencies to identify and take action against individuals behind the scheme.
Members of the public are urged to verify the licensing status of any investment company through official SEC channels by calling 0800 100065 (toll-free), emailing info@sec.gov.gh, or visiting the website at www.sec.gov.gh.
Read the full statement below:
