The Venture Capital Trust Fund (VCTF) will, in 2026, roll out a dedicated financing facility to boost early-stage digital ventures and climate-smart innovations across the country.
The initiative, known as the Digital Innovation Fund, forms part of the World Bank-backed Ghana Digital Acceleration Project (GDAP) implemented in collaboration with the Ministry of Communications, Digital Technology and Innovation.
Announcing the intervention at the Ghana Digital Innovation Week 2025, Chief Executive Officer Michael Abbey said the Fund is intensifying its push to provide catalytic and risk capital for technology-focused enterprises poised to shape Ghana’s economic transformation.
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He explained that the financing window has become essential as global development is increasingly driven by rapid technological change and the creativity of young innovators.
Mr Abbey noted that the Digital Innovation Fund will support Ghanaian digital businesses by expanding domestic capital mobilisation, reducing investment risk and linking entrepreneurs to emerging fund managers who understand their operational models.
He emphasised that sustaining local investment flows will strengthen the financial ecosystem while ensuring wealth created within the digital economy remains in the country.
As part of its broader reforms, VCTF is pursuing a model where every GHS1 invested attracts GHS5 in additional funding.
The Fund has also begun discussions with pension and insurance institutions to deepen long-term investments and launched engagements with corporate bodies toward establishing an ESG Fund to support environmentally and socially responsible businesses and SDG-aligned technology start-ups.
Highlighting the Fund’s commitment to inclusivity, he recalled the launch of Ghana’s first women-led fund last year, a vehicle designed to channel capital into enterprises owned or led by women.
He stressed that digital transformation must deliberately create space for women, persons with disabilities and underserved communities to participate meaningfully in Ghana’s emerging innovation economy.
He urged investors and ecosystem players to champion collaboration and creativity to co-develop bold solutions capable of positioning Ghana as a continental leader in digital innovation.
The 2025 Ghana Digital and Innovation Week was organised by Impact Investing Ghana, the Ghana Hubs Network and the National Entrepreneurship and Innovation Programme (NEIP) with support from government, academia, the private sector and development partners.
