Audio By Carbonatix
The Venture Capital Trust Fund is planning to collaborate more with foreign investors this year, in an attempt to increase the fund’s pool so it can support more businesses.
It is hoping the collaboration will boost its fund pool to at least a hundred million dollars. It currently has about 80 million dollars at its disposal.
The company since its inception has created 39 portfolio companies and turned around several others.
Its Chief Executive Daniel Duku says much as it would want to offer more help, access to funds remains a major limitation.
That, he said, necessitates the aggressive pursuit of organizations and institutions to partner with to raise more money.
Government in the 2011 budget made available some 10 million Ghana cedis to the fund but Mr. Duku says a lot more needs to be done.
The fund was established in 2006 to provide support to the small and medium scale enterprises.
Source: Joy News/Ghana
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:
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.
Latest Stories
-
Free rabies vaccination campaign targets 25,000 dogs and cats nationwide
2 minutes -
Ghana needs a system to track child protection funding to where risks are highest – ARK Foundation
4 minutes -
AI may not replace humans, but workers who fail to adapt could lose jobs – ALX Enterprise
6 minutes -
Gideon Boako: Bretton Woods is fraying; Ghana has built a bridge
8 minutes -
Ghana’s child protection system failing children despite laws and policies – ARK Foundation
9 minutes -
‘Future of Black Queens is safe for many years’ – Black Princesses boss Charles Sampson
12 minutes -
Titus Glover questions Laboma Beach demolition, proposes widening Kpeshie Lagoon outlet
12 minutes -
NACOC arrests 3 suspects linked to Dutch fugitive drug kingpin
34 minutes -
Workers must complement AI skills with professional expertise to remain relevant – ALX Enterprise
45 minutes -
Companies that delay AI adoption risk losing market opportunities – ALX Enterprise
59 minutes -
‘The future is bright’ – Gyan backs Black Princesses squad after U-20 World Cup exit
1 hour -
We should treat AI as an opportunity rather than a threat – ALX Enterprise
1 hour -
Malta and Ghana set sights on practical AI partnership
1 hour -
2026 U-20 WWC: ‘Not all wishes come true’ – Gyan inspires Black Princesses after elimination
1 hour -
‘I am not a magician’ – Zdravko Logarušić on Nations FC exit from Africa
2 hours