The Securities and Exchange Commission (SEC) has issued a public warning against two investment platforms, YEPBIT Exchange and BonChat, describing them as suspected fraudulent schemes operating illegally in Ghana.
In a notice dated July 15, 2026, the Commission said both entities have been actively soliciting investments from the public, including through digital and crypto-asset channels, without the mandatory licence required under Ghanaian law.
“YEPBIT Exchange and BonChat are not licensed by the SEC,” the statement read, emphasising that any dealings with them are done at the investor’s own risk.
The SEC reiterated its regulatory mandate under the Securities Industry Act, 2016 (Act 929), which empowers it to oversee the securities market and safeguard public interest.
It urged Ghanaians to always verify the licensing status of any firm offering investment or trading services before parting with their funds.
The Commission also warned against platforms that promise unusually high or guaranteed returns, and flagged schemes where earnings are tied primarily to recruiting new members, a hallmark of Ponzi-style operations.
Investors who have doubts about any investment offer are encouraged to contact the SEC directly or report suspicious platforms for further investigation.
The notice was issued by order of the SEC’s Executive Management, under Sections 3 and 208(c) of Act 929, as amended.
