The Securities and Exchange Commission (SEC) has issued a strong warning to the public against engaging with two platforms, Yepbit Exchange and Bonchat, which it suspects of operating fraudulent investment schemes.
In a notice dated July 15, 2026, the Commission emphasized that neither Yepbit Exchange nor Bonchat is licensed to operate in Ghana. The platforms, according to the SEC, have been soliciting investments from the public, including through digital and crypto‑asset channels.
The Commission cautioned investors to exercise vigilance and outlined key precautions:
- Verify licensing status of any entity offering investment or trading services before committing funds.
- Beware of unusually high returns or guaranteed profit promises.
- Avoid recruitment‑based schemes where earnings depend on bringing in new participants.
- Report suspicious platforms directly to the SEC.
The notice, issued under sections 3 and 208(c) of the Securities Industry Act, 2016 (Act 929), underscores the Commission’s mandate to protect investors and ensure the integrity of Ghana’s securities market.
For further inquiries, the SEC advised the public to contact its offices via email at info@sec.gov.gh or vasp@sec.gov.gh, call 0302‑768970‑2 or the toll‑free line 0800100065, or visit its official website at www.sec.gov.gh.
The Commission reaffirmed its commitment to safeguarding investor interests and urged Ghanaians to remain alert to fraudulent schemes that exploit digital platforms.
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