Financial investment firm, Tesah Capital says it has no association with unlicensed Tizaa Ghana Fund.
Over the weekend, the Securities and Exchange Commission (SEC) of Ghana warned the general public not to invest or trade with Tizaa Ghana Fund.
In a press release issued by SEC, it cautioned that Tizaa Ghana Fund has not been licensed to carry out any activity involving investing or trading for returns as mandated by Section 3 of the Securities Industry Act, 2016 (Act 929).
The statement from SEC which was run on several media platforms, only GhanaWeb used the picture of the Director General of the Securities and Exchange Commission with Tesah Capital’s logo in the background.
Aware of the damage the misrepresentation of the logo could cause, Tesah Capital has issued a statement to correct Ghanaweb's blunder.
It also assures clients and the general public that it is not involved with the fraudulent Tizaa Fund.
“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 the unfortunate publication on GhanaWeb might have created about Tesah Capital. We do not operate a Ponzi scheme but provide legitimate investment services and products to our customers,” a Tesah Capital release signed by Managing Director Eugenia Basheer has said.
Tesah Capital stresses that all of its funds, namely the Tesah Treasury Trust and the Tesah Future Fund- are appropriately licensed by the Securities and Exchange Commission and currently serve the investment needs of our customers.
Find the press release from Tesah Capital below: