Small and Medium Enterprises (SMEs) are the life blood of any economy and are responsible for driving innovation and creating competition in any economy. However, most SMEs do not have access to the required long term investment funds; and banks and the securities market shy away from high risk investments in some sectors. The Government of Ghana thus, established the Venture Capital Trust Fund (VCTF) to provide long term funds for the investment needs of SMEs.
The VCTF is thus mandated under the Venture Capital Trust Fund Act, 2004 (Act 680) to establish Venture Finance Companies in partnership with Private Investors, to assist in the growth and development of SMEs by making available for their use, Equity, Quasi-equity, Debt and the provision of business and management expertise.
- Liam Oseiamsterdam, United Kingdom