The Securities and Exchange Commission (SEC), Ghana, has issued a public notice warning against an unlicensed investment scheme promoted online by Mekanism Marketing Ltd, also known as “Mekanism.” The Commission stressed that the company is neither licensed nor authorised to operate within Ghana’s capital market, rendering its activities illegal.
According to the notice dated February 16, the scheme solicits funds from the public through social media and online platforms, promising fixed daily returns tied to vague tasks labelled “Job 1” through “Job 10.” The SEC described these returns as unrealistic and unsustainable, warning that the scheme bears hallmarks of fraud intended to deceive unsuspecting individuals.
The Commission warned that operating without a valid licence contravenes the Securities Industry Act, 2016 (Act 929), and the Companies Act, 2019 (Act 992). Offenders are liable to administrative and criminal sanctions. The SEC is collaborating with law enforcement agencies to take action against those behind the scheme.
The public is urged to verify the licensing status of any investment entity through SEC’s official channels: Toll-Free 0800 100065, info@sec.gov.gh, or www.sec.gov.gh.
Read the full statement below
Source: emima Okang Addae
