I Tried Investing into IC Liquidity Fund in Ghana, Here is What I Think
in this blog we are mainly going to look at the icy liquidity fund and how it can benefit ghanians who are looking to invest in it however this is no way a financial advice so before you go ahead to invest any money kindly speak to an expert all right so Isis liquidity fund is essentially a mutual fund and a mutual fund is simply a pull of money which is managed by you know professional fund managers this type of investment takes money from so many investors and then it's being managed by professionals so it's not just your
money but so many other people you know have invested in this particular mutual fund and it's been managed by professionals to be able to get the returns that you are getting now according to IC Africa's website the icy liquidity fund is a mutual fund which invests primar in highly liquid fixed income securities issued or backed by the government of Ghana and selected lense Universal banks in Ghana right so they have it here on their website I have a link to that in the description of this video you can check it out the
fund seeks to maximize short-term income while ensuring that investors have access to their money when they need it so if you're investing in the IC liquidity fund they are assuring you that whenever you want to take your money out of this investment you can do that with your profit all right so if you invest today and then maybe within a week's time you want to take out your money you can go ahead and do that however they say that your withdrawal request will be added within one business day that means if you want to
withdraw money it's going to take one business day you can't do this on the weekend cuz it's not a business day you have to understand this all right so if you don't have the app you can simply search for IC wealth on Play store app store and then you simply download it I already have it so I'm just going to open it all right so now we are logged into my account so as you can see there's IC liquidity fund let's just tap on that all right so now you can see my investment I deposited 500 Ghana cities a few days ago right and from there
every single day I keep seeing some increment in the money that I have in this particular fund down here there are features for you to transfer funds withdraw switch portfolio also see transactions all right so first let's tap on transactions so you can see here that Wednesday July 24th 2024 I deposited 500 Ghana cities that's it all right now today's date is 29th July 2024 from 24th to 29th I generated 1.
39 Ghana cies on my 500 GH cies if this money was in my Momo wallet or it was in my bank account in a savings account for that matter I wouldn't get 1.39 GH cies on it in any way I mean nobody will give you that as you can see there's also a withdraw feature here if you want to take the money from you know this fund and withdraw it you can now select the portfolio which is the icy liquidity fund type in the amount you want to withdraw so if I inut 500 which is the capital invested it's telling me that I'm left with 1.
39 Ghana cities okay so let's now do this 50 1.39 that means that now I'm taking everything from that investment down here there is settlement account I've already attached my Momo account if I tap on that and I click on submit it means that I'm now withdrawing this money back into my mobile money wallet now if I do this particular withrawal as is mentioned on their website it's going to take one business day for this money to arrive in my wallet you have to be patient now for you to be able to deposit money into your IC liquidity
fund you first St on this button here and then you select Portfolio here I have the I liquidity fund selected all right now you choose the payment type which they have Master Card or VISA airel to cash or vone cash and then MTN mobile money so if I choose MTN Momo then you ask me how much I'm looking to invest so if it's 100 I put in if it's th I put in my number is already selected because I added this in the account setup process right so over here I'll just tap on submit all right so there's a note here which says that
payments made by MCN mobile money will be invested in two working days when the money is received from the service provider this is also important so if you use Momo to deposit money into the liquidity fund of course it's going to take two working days for the money to be invested but I still think it's cool because it's convenient if I have money my Momo I'm not going to stress about it I'll still do do it so I just have to be patient right so if I tap on okay right now it means that the payment will go ahead and then start processing all
right so as you can see this is a very simple process to go through when you're looking to invest into the IC liquidity fund all right it's not that complicated and you can go through this very easily all right so to catch up again you simply download the IC wealth app from the App Store Play Store depending on the device that you use you create an account get it verified and then from there you deposit money into the liquidity fund and you simply just wait for it to show up and then you start seeing your returns day by day so aside
investing into the default liquidity fund you can also add a new goal so if you see the button here which ISS add new goal you just tap on there and then it ask you the goal name first off let's read what's up there it says create an additional go in the icy liquidity fund towards travel a house new car or any other needs so if you have any investment goal like you're trying to invest money to buy a house to buy a land to get a car whatever it is maybe to travel the world you can set the goal here so here let's input a goal name
let's say travel to Thailand Target amount let's say 30,000 Cs and then the target date let's say 2025 how much will you deposit monthly I'm just going to mention any um figure from top of my mind so let's just say 2,000 now let's tap on submit now we can tap on start investing into the new goal you realize that if you are adding new funds if you click here there is the icy liquidity fund which is the default liquidity fund which you're investing in and then you see the travel to Thailand option here right so you can just tap on travel to
Thailand or iy liquidity fund depending on which one you are trying to invest in so if it's travel to Thailand you tap in there you choose the payment type and then you put in the amount the same process now it's going to enter your travel to land fund instead of the default IC liquidity fund so that's basically how you go around creating new goals on this particular app so if you have school you are saving tows you can add a new goal for school fees if it's travel you can add a new goal for travel if it's a new phone if it's a new car a
new house you can set all of these goals here and you can simply add and then deposit money into them and then you can see these investment grow all right so if you have any questions make sure you drop them in the comment section down below.