As we proudly unveil the first edition of VCTF Insights, it is with great excitement that we also celebrate an extraordinary milestone—Investing for Impact and Growth – A 20-Year Journey at the Venture Capital Trust Fund (VCTF). Over these two decades, VCTF has evolved from a pioneering idea into a critical force driving economic growth, supporting the backbone of Ghana’s economy Small and Medium-sized Enterprises (SMEs).
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.
These statistics are a testament to the power of vision combined with diligent execution, and they underline the critical role VCTF has played in catalyzing Ghana’s venture capital industry. This milestone is about more than just numbers.
It’s about the relationships we have built, the trust we have earned, and the lives we have transformed through our partnerships with entrepreneurs, fund managers, and stakeholders. It is also about innovation—our ability to adapt to the evolving needs of the market, continuously refining our strategies and exploring new ways to serve the entrepreneurial ecosystem.
The Baseline Report on the State of Venture Capital and Private Equity (VCPE) in Ghana by Impact Investing Ghana (IIGh) in partnership with the Ghana Venture Capital and Private Equity Association (GVCA) was launched on the 22nd of May 2024 at the Ghana Impact Summit and provides a deep dive into how VCPE has contributed to impact, gender, and social equality.
The baseline study seeks to achieve three objectives:
1) To help fill a major data gap on the performance of VCPE funds to date, especially in driving impact investing and gender equality;
2) To engage and equip key stakeholders across the impact investing ecosystem with locally relevant, actionable insights to catalyze the growth of venture capital and impact investing in Ghana;
3) To strengthen the capacity of key impact investing stakeholders to drive evidence-based decisions, investment activity, and benchmarking.