The Securities and Exchange Commission has cautioned Ghanaians not to invest money through YEPBIT Exchange, CWPC, BonChat and others, saying these platforms are not authorised to offer investment services in the country.

In a public notice dated July 15, 2026, the SEC said it had identified both platforms as suspected fraudulent investment schemes that were collecting money from members of the public.

According to the Commission, YEPBIT Exchange and others have been promoting investment opportunities through online channels, including digital and crypto asset platforms, without obtaining the required licence.

The SEC is responsible for regulating Ghana’s securities industry and protecting investors under the Securities Industry Act, 2016, Act 929.

The regulator advised the public to confirm whether an investment company is properly licensed before sending money or opening an account with it. Investors can do this by contacting the SEC directly or checking the Commission’s list of licensed firms.

The SEC also warned the public to be careful with platforms that promise unusually high returns, guaranteed profits or quick wealth with little or no risk.

For beginners, a guaranteed return is often a major warning sign. Genuine investments can increase in value, but they can also lose money. No legitimate investment company can guarantee large and consistent profits without risk.

The Commission also cautioned against schemes that reward participants mainly for bringing in new members. This type of structure is commonly associated with Ponzi or pyramid schemes, where money from new investors is used to pay earlier participants.

Such schemes can appear profitable in the beginning, but they usually collapse when new investments slow down, leaving many people unable to recover their money.

The SEC encouraged anyone who has information about YEPBIT Exchange, CWPC, BonChat or any other suspicious investment platform to report it to the Commission for investigation.

Investors are advised not to rely only on social media promotions, testimonials, referral bonuses or claims of successful withdrawals. Before investing, always check whether the company is licensed, understand how it generates returns and avoid sending money under pressure.