About us
VCTF is a Government-backed venture capital fund of funds, which focuses on investing in venture capital funds dedicated to investing in Small and Medium Scale Enterprises (SMEs).
Venture Capital Trust Fund (“VCTF” or, the “Trust Fund”) was established by the VCTF Act 2004 (Act 680).
VCTF allocates funds to support activities and programs which are aimed at promoting venture capital financing in Ghana. We aim to create a vibrant and well-structured venture capital industry with investments in various sectors, leading to job and wealth creation.
Till date, VCTF has invested in Venture Capital Finance Companies which are designed to increase the availability of risk capital to SMEs and are being managed by locally-based fund managers.
WHO WE ARE
We aim to create a vibrant and well-structured venture capital industry in Ghana. We seek to achieve this by leading with investments in various sectors to create and sustain jobs and create wealth. We have investments in thirteen (13) Venture Capital Finance Companies (VCFC) which are designed to increase the availability of risk capital to SMEs. So far, all these fund managers have been locally based and domiciled fund managers.
Our Mission
i. to provide credit and equity financing to eligible Venture Capital Finance Companies (VCFCs) to support SMEs; and
ii. to provide monies to support other activities and programs for the promotion of venture capital financing, as the Board may determine, in consultation with the Minister.”
Our Vision
To develop a well structured Venture Capital industry leading to a thriving private sector.
SOCIAL IMPACT
Without a deliberate and conscious effort at catalysing an industry, no new industry develops. With a dual mandate VCTF has been instrumental in developing the VC/PE industry in Ghana. Some of our industry interventions include the following:
VCTF supported the establishment of the Ghana Alternative Exchange (GAX). The GAX is to promote Small and Medium Enterprises (SME) listing and also to establish a listing support fund dedicated to helping SMEs to cover the upfront cost required to list on the Market.
In 2011, VCTF established the Ghana Angel Investor Network (GAIN) to formally organize high- networth individuals to invest in and mentor entrepreneurs. GAIN is the first Angel Investor network in Ghana and aims to promote Angel Investing as an alternative form of financing business start-ups in Ghana.
The activities of VCTF have placed Ghana on the VC/PE map in Africa by hosting industry related events which continue to attract VC/PE firms into the country. Other industry institutions that have been established as a direct result of work by the VCTF include:
