By: Van
Soul Addy
IC Asset Managers (Ghana) Ltd has launched IC
Wealth on the MTN MoMo app, giving millions of mobile money customers direct
access to the firm’s regulated investment products from their mobile phones.
The partnership with MobileMoney Fintech Ltd, unveiled at the Mövenpick Ambassador Hotel in
Accra, makes the IC Liquidity Fund available to MoMo customers, who can
invest, monitor their holdings, make additional investments and redeem their
funds entirely within the app.
Customers can access the service by selecting Financial Services,
then Investing, and IC Wealth. Built on existing mobile money customer
information, the onboarding process eliminates the need for a bank account,
physical branch visits or additional documentation, significantly lowering the
barriers to investing for a broader segment of the population.
Speaking at the launch, Isaac Adomako Boamah, Chief Executive
Officer of IC Asset Managers (Ghana) Ltd, said the partnership brings the
firm’s institutional investment expertise to a platform that millions of
Ghanaians already use every day. "We believe the future of wealth
management is not about asking people to change their behaviour. It is about
meeting them where they already are. Millions of Ghanaians already trust and
use the MoMo App every day. By bringing IC Wealth onto that platform, we are
taking another step towards making investing simple, relevant and rewarding for
every Ghanaian.” he explained.
Mr. Boamah noted that IC has invested for businesses, corporates
and pension funds in Ghana for 25 years, and said the partnership
extends that track record to retail investors across the country. “You no
longer have to choose between allowing your money to grow and having easy
access to it. Through IC Wealth on MoMo, you can have both,” he stated.
Paapa Osei, Head of Legal and Reputation Management at MobileMoney
Fintech Ltd, said the launch reflects a broader ambition for digital financial
services in Ghana. “For many years, Mobile Money has helped people send and
receive money, buy airtime, pay school fees and support their businesses. The
next step is to help people not only move their money, but also manage it for
the future,” he said.
He added that many Ghanaians save regularly but often leave those
savings idle because investing is perceived as complicated, capital intensive
or out of reach. He cited the 2018 MTN Ghana Initial Public Offering, when IC
Securities and MTN enabled Ghanaians to purchase shares through mobile phones,
as a precedent for the new partnership. “IC Wealth on the MoMo app is the next
step in that journey. It builds on a proven partnership to deepen financial
inclusion and make regulated investment products accessible to many more
people,” he remarked.
Regulatory standing
The IC Liquidity Fund is a licensed collective investment scheme
regulated by the Securities and Exchange Commission (SEC). Client assets are
held by a licensed custodian, while the platform operates under the
Commission’s requirements for disclosure, cybersecurity, data protection and
ongoing supervision of digital investment platforms.
Representing the SEC's Director-General, Anthony Degbato, Head of
Investment Management, described the initiative as a significant milestone in
the development of Ghana’s capital market and said it aligns with the
Commission’s Capital Market Master Plan objective of broadening investor
participation. He also highlighted the SEC Directive issued on 23 June 2026,
which requires market operators, fintech service providers and operators of
online investment platforms to obtain the appropriate registration and
licensing from the Commission by 31 August 2026.
Welcoming the Directive, Mr. Adomako Boamah underscored the
importance of regulation in building public confidence. “Regulation is what
makes trust possible at this scale. We are fully licensed and fully compliant,
and we encourage every Ghanaian to verify that any platform they invest through
is licensed by the SEC before committing their funds,” he said.
Mr. Degbato
also reminded prospective investors that although the IC Liquidity Fund is
designed as a low-risk product, all investments carry some level of risk. He
urged investors to read the scheme particulars carefully and understand the
applicable risks and fees before investing.
About IC Wealth and the IC Liquidity Fund
IC Wealth is how the IC Group serves
retail investors, bringing together its investment products and services on a
single digital platform. Through the IC Wealth App, investors can seamlessly
open an account, invest in the IC Liquidity Fund, and access Ghana's securities
markets through TradeLive, our fixed income and equities trading platform.
The IC Liquidity Fund is a mutual fund
that helps individuals and institutions grow their cash while maintaining easy
access to it. The fund invests in high-quality fixed income securities issued
or backed by the Government of Ghana and selected licensed universal banks,
offering a balance of safety, competitive returns and liquidity. The minimum
investment amount is GH¢1 with Standard Chartered Bank as the licenced custodian. Redemptions are processed instantly through
the MoMo channel and within one working day through bank channels.
About IC Asset Managers (Ghana) Ltd
IC Asset Managers (Ghana) Ltd is a licensed fund management firm
and a subsidiary of IC Group Limited, the parent company of several
subsidiaries licensed to carry out investment banking, securities brokerage and
dealing, asset management and wealth management activities across selected
sub-Saharan African countries.
IC Group seeks to contribute to the development, deepening and
integration of African capital markets, helping a wide range of clients
navigate and benefit from both public and private African investment
opportunities across asset classes. The Group’s purpose is to make wealth
creation simple, accessible and rewarding for every African. In Ghana, IC has
managed assets on behalf of individuals, families, corporates and pension funds
for 25 years. Learn more at www.ic.africa
