The Securities and Exchange Commission (Ghana) has sounded the alarm over an online investment operation it says is illegally collecting money from the public under the name Mekanism Marketing Ltd.
In a public notice issued on 16 February 2026, the regulator declared that the company, popularly known online as “Mekanism” has no approval to operate within Ghana’s capital market.
“The SEC states unequivocally that Mekanism Marketing Ltd is NOT licensed, authorized, or approved to operate in Ghana’s capital market,” the Commission said.
The regulator further cautioned that any financial activity linked to the group is unlawful.
“Any investment activity promoted by this entity constitutes an unauthorized and illegal capital market activity,” the notice added, urging the public to “exercise extreme caution and desist from investing in any product or scheme promoted by this entity.”
According to the Commission’s investigations, the promoters rely heavily on digital platforms to recruit participants. The operation reportedly advertises on social media and directs potential investors to online portals where they are persuaded to deposit money.
“Information available to the SEC indicates that the entity uses social media advertisements and online platforms to solicit funds,” the statement said.
Participants are allegedly promised fixed daily profits tied to the amount invested. They are also required to complete unclear online activities labelled “Job 1” through “Job 10” before earnings are credited — a structure the regulator says mirrors typical online financial traps.
The Commission described the promised payouts as “unrealistic, unsustainable, and bear features of a fraudulent scheme designed to lure unsuspecting members of the public.”
It warned that operating investment services without approval violates the Securities Industry Act, 2016 (Act 929).
“Under Section 109 of Act 929, a person shall not operate as a market operator, broker, dealer, investment adviser, fund manager, or in any other capital market activity without a valid licence issued by the SEC,” the notice explained.
Offenders, the regulator said, face both criminal prosecution and administrative penalties.
Authorities say enforcement action is already underway, with investigators working alongside security agencies to track those behind the operation.
“The SEC is collaborating with relevant law enforcement agencies to identify and take appropriate action against the people behind this suspected scheme with fraudulent features,” the statement said.
The Commission advised the public to confirm the legitimacy of any investment offer before handing over money.
“The SEC urges the General Public to verify the licensing status of any individual or entity offering investment products or services before committing funds,” it said, also encouraging citizens to report suspicious schemes through its official hotline and email channels.
