Venture Capital Trust Fund and its partners have invested about $90 million into the SME sector since it was set in 2006, Yaw Owusu-Brempong, CEO of the Fund has said.
“Since it was set up in 2006, I think in all we together with our fund managers, we’ve invested roughly about $90 million into the SME’s in Ghana. We’ve [Venture Capital] contributed about $20 million and our partners who are the fund managers have contributed about $70 million,” he said.
Mr Owusu-Brempong said “that is one of the benefit for us operating as a fund of funds because one of the criteria we look for is that if we give you the funding you should demonstrate your ability to leverage on whatever we’ve given to you to raise additional funds so that the pool becomes larger and then we can serve quite a number of SME’s.”
He said in all the Fund “has six fund companies and all the fund companies together have assisted about 49 SME’s.”
Mr Owusu-Brempong was speaking on the sidelines of the JoyBusiness MasterClass Forum held at the Best Western Premier Accra Airport Hotel.
Some participants at the MasterClass Forum
Under the theme: “Transforming Start-ups & SMEs: Think local, act Global”, the JoyBusiness MasterClass Forum attracted hundreds of participants with panelist discussing topics such as “Innovating to Build a Resilient Business” and “Attracting Financing: The Reality, the ‘Wow’ Factor & The Investor”
Panelists at the MasterClass Forum
The panelists included Dr Kobby Mensah of the University of Ghana Business School, Ken Thompson – CEO of Dalex Finance, Thompson Tsuwa – RtHE Consult, Ethel Cofie – Edel Technology, Kofi Dadzie – Rancard and Derry Dean Dadzie of Dream Oval.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
Latest Stories
-
GPL 2024/2025: Accra Lions remain bottom after draw against Kpando
6 mins -
NDC condemns Dela Edem’s ‘unsavoury and distasteful’ about kufuor; issues public apology
16 mins -
‘Let them burn the sea; don’t return if Parliament is recalled’ – Asiedu Nketiah to NDC MPs
31 mins -
Bawumia’s commitment to excellence will ensure Ghana fulfills its potentials – Prof. Etse Sikanku
38 mins -
Ensign Global College marks 10th anniversary with 9th congregation
44 mins -
Over 80 educational projects to be commissioned this week
4 hours -
Kuami Eugene shows leadership; mobilises fellow artistes for peace song
6 hours -
The JOY Prime Made in Ghana Fair: Why not miss it!
6 hours -
GPL 2024/25: Struggling Asante Kotoko aim to bounce back against high-flying Nations FC
6 hours -
GES Deputy D-G admonishes students to uphold integrity and teamwork
7 hours -
Election 2024: Osabarima Dr Owusu Beyeeman advocates for peace
7 hours -
Fashion at Joy Prime Made in Ghana Fair
9 hours -
Alan Kyerematen wanted me to be his running mate – Okyeame Kwame
9 hours -
AFCON 2025Q: Otto Addo calls up Jerry Afriyie, two others for Niger clash
11 hours -
Vacant Seats: Supreme Court failed to strengthen Ghana’s democracy – NDC’s Beatrice Annan
11 hours