Reverend Daniel Ogbarmey Tetteh, the Director-General of the Securities and Exchange Commission (SEC), has called on market operators and investors to support the regulator to make the Commission work better.
According to the Director General, the importance of savings and investments for individuals and the economy as a whole is enormous and as such, it is necessary to regulate the sector for it to thrive.
The Director-General also advised all market operators to live up to their fiduciary role with professionalism.
“Savings and investments are very crucial and critical to the growth of every economy and it is, therefore, necessary for the commission to support any such initiative. But we need your support to regulate and make the Commission work better.”
Reverend Daniel Ogbarmey Tetteh
Reverend Daniel Ogbarmey Tetteh, however, asked the public to ensure that they are well-informed about investment opportunities before committing to them. This, he said, would help safeguard their investments.
“It is important for the investing public to understand their responsibility. When it comes to investment, at the minimum, you must seek to understand the product.”
Reverend Daniel Ogbarmey Tetteh
The SEC Boss made this known at the launch of a new investment scheme by Tesah Treasury Trust.
Tesah Capital to Take Away Issuer Risk
Mrs Eugenia Basheer, the Managing Director of Tesah Capital, indicated that her outfit would take away issuer risk from the Trust and could, therefore, make the fund to be a zero risk fund.
“To enable anyone and everyone invest in the Trust, there is no minimum investment amount. There are no charges for investing in the fund and there are no charges for withdrawing from the fund. The Trust presents the perfect opportunity to make a return on your money and still have access to it anytime you need it.”
Mrs Eugenia Basheer
The ceremony also saw the unveiling of another collective investment scheme known as the Tesah Future Trust, as well as the company’s digital platforms.
Mrs Basheer noted that the introduction of the two collective investment schemes are in response to a directive from SEC that all investment amounts below GH¢100,000 should be in collective investment schemes. According to Mrs Basheer, the scheme is a major tool for the mobilisation of funds for economic development.
“Considering the advantages to investors and to economic growth and development, we need to actively drive the growth of Collective Investment Schemes in Ghana. Investment should not be the preserve of a few affluent people. We aim to change the rhetoric by creating avenues for everyone, including those who do not have a lot, to create wealth through investments, while those who have a lot also continue to get more.”
Mrs Eugenia Basheer
The other collective investment product unveiled at the same ceremony was the Tesah Future Fund, which Mrs Basheer described as “a balanced mutual fund which invests in a carefully selected mix of equities and fixed income securities.”
“The equity investments permit rapid growth while the fixed income investments guard against fluctuations caused by changes in prices of the equities in the portfolio. The Tesah Future Fund is ideal for investors with medium to long-term wealth growing objectives and who are willing to accept some risk in exchange for return.”
Mrs Eugenia Basheer
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