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Economy

Venture Capital strategizes for expansion

Chief Executive of the Venture Capital Trust Fund, Daniel Duku says new strategies are being adopted to ensure that a lot more small and medium sized enterprises access the fund. The fund which was set up to support SMEs grow and also build their capacity has made some giant strides in the year under review with a total committed capital of about US$60 million. Some of the SME’s who spoke to Joy Business during the climax of the Venture Capital Trust Fund Road show in Accra, complained about the difficulty in accessing the funds. They said the process of accessing the fund us laborious and cumbersome. Some complained of problematic clauses, which they say can be scary. Mr. Duku said a lot more is been done in terms of education to ensure that SME’s are schooled on the benefits of venture capital. Trade Minister Hannah Tetteh who gave the keynote address, implored SMEs in the country to be professional in the way they manage their businesses. She said they must recognize that they money made available to them is not supposed to end with them but they have to make it available for others to benefit from. Source: Joy News/Ghana

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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.