The National Entrepreneurship and Innovation Programme (NEIP) has signed a Memorandum of Understanding (MoU) with the Venture Capital Trust Fund (VCTF) to strengthen access to financing and business development support for entrepreneurs across Ghana.
The partnership is aimed at bridging the gap between entrepreneurial potential and sustainable capital by improving investment readiness and aligning business support services with structured financing opportunities for startups and growing enterprises.
A key component of the agreement is the establishment of a GH¢100 million Adwumawura Fund, to be created by the Venture Capital Trust Fund to provide high-impact and scalable businesses with the capital needed to expand their operations.
The two institutions said the partnership reflects their shared commitment to promoting entrepreneurship, creating decent jobs, and supporting Ghana’s economic transformation.
NEIP also expressed appreciation to the leadership and staff of the Venture Capital Trust Fund for their collaboration and commitment to strengthening Ghana’s entrepreneurial ecosystem.
In a social media post yesterday following the signing of the MoU, the Chief Executive Officer (CEO) of NEIP, Eric Adjei, expressed gratitude to the leadership and management of the Venture Capital Trust Fund for what he described as a landmark partnership.
“We express our profound gratitude to the leadership and team of the Venture Capital Trust Fund for this landmark partnership and their steadfast commitment to the development of our entrepreneurs. Together, we remain dedicated to fostering resilient entrepreneurship, creating decent employment opportunities, and driving Ghana’s broader economic transformation.”
Mr. Adjei said the collaboration was designed to bridge the financing gap confronting many entrepreneurs and provide a structured pathway for businesses to access capital.
“This strategic alliance is engineered to bridge the critical gap between entrepreneurial potential and sustainable capital within Ghana’s economic ecosystem.
Through this institutional collaboration, we will enhance investment readiness, align comprehensive business development support with structured financing mechanisms, and facilitate the establishment of a GH¢100 million Adwumawura Fund, to be created by the VCTF, specifically targeting high-impact and scalable businesses.”
The partnership is expected to improve entrepreneurs’ access to finance while strengthening their capacity to attract investment and grow sustainable enterprises, ultimately contributing to job creation and Ghana’s long-term economic development.
