Tesah Capital denies affiliation with Tizaa Ghana Fund
Fund Management Company, Tesah Capital, has denied reports suggesting it has an affiliation with Tizaa Ghana Fund.
This comes after an earlier image containing Tesah Capital’s logo was wrongly attached to an online publication on Tizaa Ghana Fund.
Per reports, Tizaa Ghana Fund is an unlicensed and unregulated company promising huge returns on its investments – 50% returns on investments for clients in 10 days.
“We wish to state categorically that Tesah Capital has no connection or relationship with Tizaa Ghana Fund. We urge the public to shed any negative impression this publication might have created about Tesah Capital,” said Managing Director of Tesah Capital, Eugenia Basheer.
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“We do not operate a Ponzi scheme but provide legitimate investment services and prodcust to our customers,” she added.
Meanwhile, the Securities and Exchange Commission (SEC), has cautioned investors and the general public against doing business with Tizaa Ghana Fund
A statement signed and issued by SEC on January 15, said the Fund has not been licensed to perform any activities in the capital market.
SEC further cautioned that Tizaa Ghana Fund is also not under its regulation and therefore urged the public to be circumspect and desist from making investments in the firm.
Tizaa Ghana Fund is said to have already registered 37,000 clients in 3 weeks while operating via popular messaging platform, Telegram.
It is said to be accepting a minimum investment amount of GHS 100 to a maximum investment amount of GHS 300,000.
