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
-
Salah-Mane rivalry renewed in AFCON semi-finals
6 hours -
What does Trump’s foreign policy mean for World Cup?
6 hours -
Carrick confirmed as Man Utd caretaker head coach
6 hours -
CPS & JoyNews to hold public lecture on Ghana’s move to back currency with gold
7 hours -
Africa Education Watch supports calls for review of SHS teachers’ manual, curricula over gender controversy
7 hours -
Ntim Fordjour demands review of SHS teachers’ manual over gender controversy
7 hours -
GCB Bank hands over renovated dormitory to TAMASCO
7 hours -
Nkyinkyim Band to headline Ghana Independence celebration in London
8 hours -
NPP leadership has lost touch with grassroot – Dr Nyaho-Tamekloe
8 hours -
IGP’s Team nabs drug suspects in Tamale swoop; seizes cash, narcotics
8 hours -
NaCCA revises teacher manual, withdraws ‘gender definition’ content deemed contrary to Ghanaian values
8 hours -
Ntim Fordjour condemns gov’t over gender definition in curriculum
8 hours -
NPP must develop thick skin for criticism – Dr Asah-Asante
9 hours -
Auditor-General raises alarm over 2,000+ weapon interceptions at airports
9 hours -
Motorists lament years of faulty traffic lights at Poku Transport Junction
9 hours
