• Thu. Aug 4th, 2022

Don’t invest or trade with Tizaa Ghana Fund – SEC cautions Ghanaians

Tizaa Ghana Fund has been cautioned by Ghana’s Securities and Exchange Commission (SEC) not to invest in or trade with it.

According to a press statement published by the SEC (Act 929), Tizaa Ghana Fund has not been licensed to carry out any activity involving investing or trading for returns as specified by Section 3 of the Securities Industry Act, 2016.

Tizaa Ghana Fund, which supposedly guarantees up to 50% returns on investment in 10 days, has been the subject of numerous social media posts in the last week.

According to the posts, the company receives between GH100 and GH300,000 for its activities and has tens of thousands of people registered.

However, the SEC warns that the public should be cautious when interacting with the company.

“Tizaa Ghana Fund has not been licensed by the Securities and Exchange Commission (SEC) to carry out any Capital Market activities including investing or trading for returns as mandated by Section 3 of the Securities Industry Act, 2016 (Act 929). Tizaa Ghana Fund is therefore not regulated by the SEC. The General Public is advised to be cautions with investing in unlicensed products. The general and investing public is further advised to consult the SEC through its toll free line 0800100065 or main line number 0302768970-2 to confirm the licensing status of any firm offering products or services relating to investments in the Capital Market,” SEC noted.

Leave a Reply

Your email address will not be published.