https://www.ghanaweb.com/GhanaHomePage/business/VCTF-secures-GH-35-million-funding-to-support-women-owned-SMEs-1843826

As part of efforts to boost the economic growth of the country, the Venture Capital Trust Fund (VCTF) says it is pumping some GH¢200 million of its capital into new funds this year. The objective is to create employment and a sustainable wealth for the citizens. The Chief Executive Officer of the Fund, Mr. Yaw Owusu-Brempong, said the fund was diversifying its portfolio due to low performance of the traditional markets.

Small and Medium Enterprises (SMEs) make up over 90 percent of registered businesses in Ghana, according to the Africa Leadership Magazine.  Despite these favorable statistics, a lack of proper and alternative financial management and funding causes businesses to collapse before their fifth anniversary. Chief Executive Officer of Venture Capital Trust Fund, Yaw Owusu-Brempong, is entreating SMEs to prioritize exploring alternative funding options to ensure sustainability. https://www.myjoyonline.com/smes-in-ghana-urged-to-seek-alternative-sources-of-funding-to-ensure-sustainability/