Fund of funds
Venture Capital Trust Fund (VCTF)
The Venture Capital Trust Fund (VCTF) is a state-owned enterprise established by the Government of Ghana in 2004 under the Ministry of Finance and Economic Planning. The fund was created to facilitate the development of the private sector in Ghana by providing funding and support to small and medium-sized enterprises (SMEs), particularly in high-potential sectors such as agriculture, ICT, healthcare, and renewable energy. VCTF operates as a fund of funds and invests in private equity and venture capital funds to catalyse growth and development in the Ghanaian economy. The fund also provides direct financing and technical assistance to entrepreneurs and business owners to enhance economic transformation and job creation in the country.
Investment focus
- Sectors
- Agriculture and foodManufacturing and industrialsEnergy and powerFinancial servicesHealthcareTechnologyConsumerSMEsInfrastructure
- Stages and strategies
- SeedGrowthFund investments
- Regions
- Western Africa
Fund commitments
Sources
- Partner Researchers, accessed 14 November 2026
- http://vctf.com.gh/venture-capital-trust-fund-commits-gh%C2%A235million-to-zinari-womens-enterprise-fund/, vctf.com.gh. Accessed 14 November 2026.
- https://theinnovationspark.com/2023/11/03/mirepa-investment-advisors-reaches-intial-close-of-its-mirepa-capital-sme-fund-i/, theinnovationspark.com. Accessed 14 November 2026.
- https://www.injaroinvestments.com/blog/injaro-ghana-venture-capital-fund-raises-ghs127m-at-first-close, www.injaroinvestments.com. Accessed 14 November 2026; link checked 15 November 2026.