Audio By Carbonatix
The Venture Capital Trust Fund says it is working on significantly increasing its working capital in the next four years to enable it assist more small businesses.
It is aiming to increase its pool of funds five-fold from a hundred million to 500 million dollars.
The fund which was established in 2004 is charged with making equity or quasi-equity investments in small businesses in addition to offering technical and managerial advice.
There have been calls in recent times for the fund to be increased significantly as 100 million is woefully inadequate to spur private sector growth.
Chief Executive of the VCTF, Daniel Doku told Joy Business discussions were underway to find a permanent source of funding for the Fund.
He said the talk time tax could be a major source of funding.
He also adds that the fund will be having more direct interactions with entrepreneurs this year.
Source: Joy Business/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
-
FIFA defends attendance figure amidst empty seats
1 hour -
US-based Professor Joseph Ofori-Dankwa credits Ghana’s education system for his global success
2 hours -
Gov’t unveils transition measures for new legal education system
3 hours -
Keta government hospital at 100: Preserving a century of service, protecting a legacy for future generations
3 hours -
Okyenhene lauds Garden City University leadership, urges focus on education and human capital
3 hours -
Morning Glory Montessori Child Development Centre launches 30th anniversary celebration with year-long programme
3 hours -
USA thrash Paraguay 4-1 in Group D opener
3 hours -
GES summons teacher unions for emergency talks over controversial staff data collection exercise
3 hours -
Award schemes and matters arising : The great Ghanaian illusion we have condoned for generationsÂ
3 hours -
University of Ghana Vice-Chancellor urges inclusion of African languages in AI development
3 hours -
Warner Bros $111bn sale to Paramount approved by US Justice Department
4 hours -
Hajia Adama Musah, mother of former NPA CEO Mustapha Abdul-Hamid, passes away
4 hours -
Partey’s visa denial will not break our spirit – Kofi Adams tells detractors
4 hours -
Shatta Wale launches GH¢100 SM Gold Card membership programme
5 hours -
Thomas Partey has been given US visa and presently in the US – Kofi Adams
6 hours