As Ghana positions itself for industrial resurgence and inclusive job creation, the Venture Capital Trust Fund (VCTF) is stepping up with two new funding initiatives aligned with national priorities: the Adwumawura Fund and the 24-Hour Economy SME Fund.
Announced by VCTF CEO Michael Abbey at the 2025 Kwahu Business Forum, the two funds are tailored to support the government’s flagship job creation and productivity-enhancing initiatives—providing catalytic capital to startups and scaling SMEs across Ghana.
“The Trust Fund intends establishing two key funds,” Mr. Abbey revealed. “The first is the Adwumawura Fund, which supports the government’s Adwumawura Programme by targeting early-stage businesses and startups. The second is the 24-Hour Economy SME Fund, designed to help enterprises scale operations around the clock, in line with the national push for a 24-hour economy.”
The Adwumawura Fund, as described, aims to nurture Ghana’s next generation of job creators—particularly those working at the grassroots level. It will complement government efforts to address unemployment and underemployment through structured startup support.
Meanwhile, the 24-Hour Economy SME Fund is set to inject growth capital into businesses operating or expanding into continuous, round-the-clock productivity—an economic model touted by President Mahama as key to increasing national output and boosting exports.
“These funds represent our commitment to not just finance businesses, but to align our investments with Ghana’s broader transformation agenda,” Abbey explained. “We’re not just chasing profits; we’re building national productivity, job security, and long-term enterprise success.”
The new initiatives build on VCTF’s 20-year track record of deploying capital through venture finance companies and impact-focused funds. With a growing portfolio and 14 successful exits, the Trust is repositioning itself as a cornerstone in Ghana’s financial inclusion and enterprise development landscape.
Abbey concluded by inviting businesses and stakeholders to attend the Ghana Venture Capital Conference later this month, where deeper discussions on private sector growth, innovation financing, and government-private collaboration will take place.