The objective is to promote and support the private sector as an equal partner in achieving the country’s developmental goals by easing access to long-term funding to SME’s.
The Venture Capital Trust Fund (VCTF) was established by Venture Capital Trust Fund ACT, 2004, (ACT 680) to provide financing to Small and Medium Enterprises (SMEs).
In accordance with the ACT, VCTF is to: “Provide financial resources for the development and promotion of venture capital financing for SMEs in Ghana by:
- Providing financing to eligible Venture Capital Finance Companies (VCFCs) to support SMEs; and
- The provision of monies to support other activities and programs for the promotion of venture capital financing”
Our vision is to create a vibrant and well-structured venture capital industry boasting of investments in various sectors, leading to poverty reduction through job and wealth creation with a collateral growth in government revenues.
A snapshot of our Achievements over the years
Since its inception,
the VCTF has made a tremendous impact
on venture capital financing in Ghana.
- In 2011, VCTF established the Ghanaian Angel Investor Network (GAIN) to formal-ly organize wealthy individuals to invest in and mentor entrepreneurs. GAIN is the first angel investor network and is to promote angel investing as an alternative form of financing business start-ups in Ghana.
- The Trust Fund was instrumental in creating the Ghana Alternative Market (GAX), an alternate listing on Ghana’s stock market specifically established for companies with significant growth potential, which was opened in 2013.
- The Trust initiated discussions with the Na-tional Pensions Regulatory Authority, to influence local Pension Funds to direct funds to the industry to support Ghana’s economic development.
- VCTF collaborated with the Ghana Stock Exchange to promote Small and Medium Enterprises (SME) Listing Project and estab-lished a listing assisting fund dedicated to helping SMEs cover the upfront cost re-quired to list on the Market.
- The VCTF has placed Ghana as a leader in the African venture capital field by hosting indus-try related events which continue to attract VC/PE firms into the country.