The Venture Capital Trust Fund (VCTF) is positioning Ghana to become a leading destination for venture capital and private equity investment in Africa, with ambitious plans to scale up support for startups and small businesses across the country.
Speaking on the Citi Breakfast Show on Tuesday, May 13, 2025, Chief Executive Officer of the Trust Fund, Michael Abbey, said the long-term vision is to establish Ghana as a premier hub for venture capital, private equity, and transactional ecosystems, capitalising on the opportunities presented by the African Continental Free Trade Area (AfCFTA).
“Our long-term dream is to position Ghana as a premier destination for venture capital, private equity, and transactions within the ecosystem—leveraging AfCFTA and intra-African trade,” Abbey stated.
He noted that in the short to medium term, the Fund is working to align with government initiatives, particularly targeting entrepreneurship development. One of the key programmes identified is the Adumawura Programme, which seeks to support and grow 10,000 startups annually.
“In the short to medium term, we are looking at plugging into government programming. For example, we plan to support the Adumawura Programme to nurture and grow 10,000 startups yearly,” Abbey said.
Outlining the operational model of the Trust Fund, Abbey explained that the agency employs a public-private partnership structure, working with independent fund managers who have the technical expertise to invest directly in small and medium-sized enterprises (SMEs).
“As a public agency, we partner with fund managers who are privately run. They bring in the required technical expertise to manage and grow the investments,” he added.
Persivaer Ofori Ampomah, the General Manager of the Fund, also highlighted the Fund’s existing impact in various sectors, including agro-processing and education.
“For the footprint we’ve left in agro-processing, education, and other industries, we can say a lot has already been done,” he said.
The Venture Capital Trust Fund continues to play a pivotal role in Ghana’s entrepreneurship ecosystem, mobilising capital to build sustainable businesses, create jobs, and foster innovation.