As VCTF marks its 20th anniversary, we look back at two decades of empowering small and medium-sized enterprises (SMEs) and advancing Ghana’s venture capital ecosystem.
A legacy of growth and partnership
With a clear mandate to drive economic growth by providing
venture capital to Ghanaian SMEs, the Venture Capital Trust Fund (VCTF)
established itself in 2004.
This mission stemmed from a powerful vision—a belief that
small businesses are the backbone of Ghana’s economy and that venture capital
investment would unlock opportunities for growth, innovation and long-term
sustainability.
Since its inception, VCTF has championed Ghanaian SMEs,
catalysing economic transformation in industries spanning agriculture,
manufacturing and technology. Working through a unique “fund of funds” model,
VCTF invests in local venture capital funds which, in turn, provide essential
financing to SMEs across the nation.
This approach not only supports local businesses, but also
fosters the development of a robust venture capital industry, creating jobs,
building partnerships and stimulating economic progress. Over the past 20
years, VCTF has supported more than 70 SMEs and has played a pivotal role in
generating thousands of jobs in communities across Ghana.
From milestones to impact
Significant milestones in VCTF’s journey have shaped Ghana’s
venture capital landscape. In 2006, VCTF took a bold step forward, launching
five local venture capital funds and ushering in a new era of Ghanaian
participation in the private equity space. Today, thanks to VCTF’s pioneering
efforts, the country’s venture capital ecosystem is thriving, with more funds
and investment opportunities supporting Ghanaian entrepreneurs.
Beyond direct investments, VCTF has worked tirelessly to
create a conducive environment for venture capital in Ghana. By creating and
supporting the Ghana Venture Capital and Private Equity Association and
collaborating with government bodies, regulatory agencies and private
investors, VCTF has elevated venture capital awareness and built strong
networks that bolster Ghanaian businesses.
Real stories of transformation
The stories of the businesses VCTF has supported reveal the
true impact of its support. From agribusiness ventures that have expanded food
production to tech start-ups driving digital transformation, VCTF-backed
companies have become engines of innovation and resilience in Ghana’s economy.
Each investment has helped create sustainable businesses, driving employment,
and contributing to a more diversified economic landscape.
Looking forward: the next 20 years
As VCTF celebrates this anniversary, it is also looking
forward. Recognising the evolving needs of Ghanaian SMEs and the dynamic global
economy, VCTF is committed to expanding its impact.
The launch of new funds, such as the Women-Led SME Fund,
reflects VCTF’s dedication to inclusivity and its commitment to empowering
underrepresented groups. Furthermore, VCTF is exploring investments in
high-growth sectors like digital technology and green energy, where Ghanaian
SMEs have the potential to make significant strides.
“We are proud of what we have achieved over the last 20
years,” says Yaw Owusu-Brempong, CEO of VCTF. “But we know that there is much
more to do. Partnerships underpin our future, reinforcing our dedication to the
entrepreneurial spirit and propelling Ghana’s progress. Together, we will
continue to transform Ghana’s economy by supporting the businesses that sustain
it.”
Join us on the journey
As VCTF embarks on the next phase of its journey, we invite
all stakeholders—investors, fund managers, government partners and
communities—to continue supporting this vision for a prosperous and sustainable
Ghana. Together, we can build on 20 years of impact, creating new opportunities
and advancing the entrepreneurial landscape in Ghana for generations to come.
A future built on innovation, trust and impact
Over the past 20 years, VCTF has grown beyond a financial
supporter for SMEs to become a trusted force in Ghana’s economic landscape. As
we look ahead, VCTF is steadfast in its mission to empower SMEs, drive economic
growth and shape a prosperous future for Ghana through responsible and
impactful venture capital.
Source: GNA