Anniversary
Celebrating 20 Years of Financing SMEs in Ghana
As we reflect on our 20-year journey, the numbers tell an impressive story: 77+ companies funded, more than GHS2 billion leveraged in additional capital, and 28,255 direct and indirect jobs created.
01
Founded in 2004
Established by the Government of Ghana
to catalyze SME growth through venture
capital as an alternative source of financing.
02
Launched the First Locally Managed Funds (2006)
Supported local fund managers to invest in high-potential SMEs.
03
Expanded the VC/PE Ecosystem
Created an enabling environment for private equity and venture capital in Ghana.
04
Supported Over 77 SMEs
Invested in diverse SMEs across multiple
industries from 2006 to 2024.
05
Facilitated GHS2 Billion in Leveraged Capital
Attracted significant co-investment capital to amplify VCTF’s impact.
06
Generated About 28,255 Direct and Indirect Jobs
Created both direct and indirect job opportunities across various sectors.
07
Pioneered Ghana’s First Evergreen Fund (2019)
Introduced a sustainable, perpetual investment fund to drive long-term growth.
08
Launched the Ghana Angel Investor Network (GAIN)
Encouraged private investment in seed and early-stage ventures in 2011.
09
Funds Establishment
VCTF has anchored fourteen (14) funds since it began operations.
10
Instrumental in Establishing the Ghana Alternative Market (GAX)
VCTF played a critical role in creating the Ghana Alternative Market (GAX), an alternative listing on Ghana’s stock exchange launched in 2013. This initiative was specifically designed for companies with significant growth potential, providing them access to long-term capital for expansion.
11
Established the Foremost Voice for the VC/PE Industry in Ghana
Spearheaded the establishment of the Ghana Venture Capital & Private Equity Association (GVCA) in 2020.
12
Contributing to Ghana’s Economic Transformation with GETP
Accelerated entrepreneurship and SME growth since the inception of the GETP in
2020.
13
Established the First Women-Led SME Fund
Focused on empowering women-led businesses for inclusive economic growth in 2024.
14
Led Industry Capacity-Building Initiatives
Organized specialized training programs to equip industry professionals with essential skills and knowledge, strengthening expertise across Ghana’s venture capital and private equity landscape.
15
Launched the VC Analyst Program (V-CAP)
Developed young analysts through intensive mentorship and hands-on training since 2016.
16
Hosted African Private Equity & Venture Capital Association (AVCA)
Brought together leading investors and industry stakeholders across Africa in 2012, enhancing regional collaboration and driving investment opportunities in Ghana and beyond.
17
Revolutionized Sorghum Production in Ghana
VCTF financed the first commercial production of sorghum in 2006 to support farmers in Ghana’s three Northern Regions. This initiative introduced sorghum as a viable import substitution raw material for barley in the brewery industry, directly impacting agricultural productivity and local economies.
18
Collaborated with GIMPA in Establishing the Ghana Center for Impact Investing
VCTF initiated the Ghana Centre for
Impact Investing in 2013 at GIM
PA, supporting its evolution into the
Ghana Impact Investing Research
Industry Collaborative, ultimately
establishing a foundational platform
for impact investing in Ghana.
19
Sponsoring Industry Professionals for Global Training
Since 2009, VCTF has sponsored industry professionals to participate in prestigious venture capital training programs in the US and Europe. This initiative has helped build a pipeline of highly skilled professionals to strengthen Ghana’s venture capital ecosystem.
20
Invested in Agricultural Growth
VCTF has invested in four strategic funds focusing on the agricultural sector from 2006 to 2024. These investments have supported the development of sustainable farming practices, improved food security, and enhanced productivity across key agricultural value chains in Ghana, further driving growth in the country’s agriculture sector.