The Regional Council for Public Savings and Financial Markets (CREPMF) has ordered the company Global Trade Corporation (GTC) to “immediately cease its irregular activities”. This decision comes a few days after the exit of its CEO, Ghislain Awaga, who was trying to reassure investors panicked by the gloomy financial situation of GTC.

The Abidjan-based regulator issued a statement reminiscent of a verdict that cites Ghislain Awaga's company among those which, among other things, collect funds irregularly from the public against promises of high returns.

“The companies Global Investment Trading (Liyeplimal), Global Trade Corporation, High Life and Chy Mall claiming to specialize in cryptocurrency trading, online buying and selling of goods, etc., are carrying out irregular fundraising to the public against promises of performance”, notes the CREPMF.
The Council therefore then invited GTC and the other companies mentioned, to get in touch with the competent authorities, "in order to comply with the regulations in force, under penalty of sanctions".