Investment firm, Tesah Capital, has dismissed any connection or relationship with Tizaa Ghana Fund, an investment fund branded as “Ponzi Scheme” by the Securities and Exchange Commission (SEC).

In a statement, it said it’s a licensed investment firm by the SEC, providing legitimate investment services and products to its customers.

This follows an article by ‘ghanaweb’ which the statement said unfortunately illustrated it with a library photo of the Director General of the Securities and Exchange Commission, Rev. Daniel Ogbamey Tetteh, with its company’s logo at the background, an image captured at the recent launch of Tesah Capital’s Collective Investment Schemes.

"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 services and products to our customers. We assure the public and our stakeholders that Tesah Capital is duly licensed by the Securities and Exchange Commission and currently serve the investments needs of our customers"

It concluded that all its funds including Tesah Treasury Trust and the Tesah Future Fund are appropriately licensed by the SEC and currently serve the investment needs of customers. 

The SEC recently issued a statement on Tizaa Ghana Fund, describing it as unlicensed and unregulated company promising huge returns on Investment.

It warned Ghanaians and the investing public to be wary of such “Ponzi Schemes”, reminding them of recent situations whereby many people lost their monies through the quack investments.