Ghanaian entrepreneurs are being urged to open up their businesses to equity investors to attract the resources needed for sustainable expansion and competitiveness.
The call comes as access to growth capital continues to hinder many small and medium-sized enterprises (SMEs) from scaling their operations beyond survival.
Speaking at the launch of the ₵300 million Scale-Up Fund at the UPSA Auditorium on Wednesday, October 29,2025, Chief Executive Officer of RNAQ Holdings, Richard Nii Armah Quaye, said it was time for Ghanaian entrepreneurs to move from ownership obsession to collaborative growth.
“There is one thing I have found to be synonymous with all successful businesses in advanced economies — they are owned by many people, not by an individual. By doing so, they are able to raise significant capital through the contributions of many, which allows them to compete better,” he stated.
He stressed that relinquishing small stakes for capital is the foundation of business success globally.
“Almost all the successful and renowned businessmen we know globally don’t even own 20% of the companies they founded, but their small stakes in these businesses are enough to make them billionaires,” he said.
He added that the Scale-Up Fund was created to help growth-ready businesses secure financing and mentorship. “We’re putting ₵300 million behind one clear belief: Ghana doesn’t lack talent or ideas; what we often lack is the capital and the systems to scale,” he emphasised.
Meanwhile, Chief Executive Officer of Quick Angels Limited, Emmanuel N. L. Lamptey, says Ghana’s entrepreneurial ecosystem must move beyond slogans and short-term gains to embrace discipline, structure, and collaboration as the foundation for long-term growth.
He explained that Quick Angels was born out of a vision to replace what he described as “impossible loans with patient equity,” ensuring that promising businesses have the capital and guidance to scale.
“When Mr. Richard Nii Armah Quaye founded Quick Angels, his aim was not to start just another investment company. He had seen too many young Ghanaians with great ideas struggle because they lacked funding, banks demanded collateral they didn’t have, and the system rewarded talk more than action,” he said.
He also stressed that belief and structure, rather than luck or hype, are what sustain successful enterprises.
“These are not just investments. They are proof that when belief meets structure, Ghanaian businesses can scale sustainably and proudly,” he noted, adding that Quick Angels has invested in several Ghanaian brands including Pizzaman-Chickenman, Sankofa Natural Spices, and Lynx Entertainment.