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The Venture Capital Association has congratulated Michael Abbey on his new appointment as the Chief Executive Officer of the Venture Capital Trust Fund (VCTF).
According to the association, this institution is at the heart of Ghana’s private equity (PE) and venture capital (VC) ecosystem, and its leadership plays a pivotal role in strengthening the country’s investment landscape.
In a message, it said the VCTF’s mandate is about structuring and deploying capital in a way that ensures long-term economic impact. This requires a deep understanding of investment management, fund structuring, SME financing, and policy advocacy—all of which are critical in maintaining investor confidence and ensuring sustained capital flows into Ghana’s economy.
What the Industry Expects from VCTF’s Leadership
The Venture Capital Trust Fund was established by an Act of Parliament as a long-term vehicle to bridge Ghana’s SME financing gap and build a sustainable private capital market. To ensure that it continues delivering on its mandate, the industry expects the new leadership to focus on the following:
1. Strengthening Capital Mobilization and Deployment
Engaging pension funds, insurance firms, and institutional investors to drive local investment into VC and PE funds.
Ensuring that capital is allocated strategically to high-impact businesses that contribute to job creation and economic growth.
2. Enhancing Investor Confidence and Governance
Maintaining transparency and accountability in fund management to sustain investor trust.
Strengthening corporate governance structures to align with global best practices in fund management.
Engaging global development finance institutions (DFIs), sovereign funds, and impact investors to unlock additional capital for the sector.
3. Driving Policy Advocacy and Ecosystem Development
Partnering with the Ministry of Finance, SEC, NPRA, and private sector stakeholders to advance regulatory reforms that enhance the investment climate.
Finalizing the Limited Partnerships Act, which is crucial to attracting more private capital.
Advocating for incentives that encourage local and international investors to participate in venture funds and SME financing.
Actively supporting the industry through the GVCA – the private-sector member-based industry association for VC/PE.
GVCA’s Commitment to Industry Growth and Collaboration
The Ghana Venture Capital and Private Equity Association (GVCA) has been instrumental in building a thriving private capital ecosystem through policy advocacy to strengthen investment regulations and capital deployment; investor engagement with both domestic and international stakeholders; capacity building to enhance industry expertise and market confidence; supporting the professional development of investment managers to ensure best-in-class fund management practices, among others.
“We recognise that the success of VCTF’s new leadership will be measured by its ability to implement these critical priorities. GVCA stands ready to collaborate and offer technical expertise to ensure that Ghana’s private capital industry remains strong, globally competitive, and impactful”, it said.
It added that the new CEO’s appointment is a turning point for Ghana’s investment landscape, noting “GVCA and the rest of the PE and VC industry is eager to work alongside VCTF’s leadership to ensure that private capital continues to power economic transformation, unlock opportunities for local entrepreneurs, and create sustainable jobs”.
It concluded expressing confidence in a strong, technically sound leadership that delivers on these expectations and strengthens Ghana’s position as a leading investment destination in Africa.
