Development Bank Ghana sets up fund of funds to support Venture Capital , Private Equity Firms

The Ghanaian Development Bank (GNA) has launched a fund of funds to support venture capital and private equity firms in its bid to drive sectoral growth in the economy, it has been announced, according to the countrys chief executive, Michael Mensah-Baah, who says the Bank is planning to invest more than $3,500. But (). The government has said it wants to help businesses in developing industries to become more resilient, and sustainable, as part of its efforts to boost their corporate governance and create new ways to tackle threats from financial crises as early as the end of the year, but they are being encouraged to inject new investment into budding entrepreneurs, particularly small and medium-sized companies, in an attempt to revive the business landscape within the next decade, the BBC has learned. The BBC understands what it is likely to be the first initiative to provide funding for those involved in creating an innovative investment strategy for the bank. Why is it so important to take advantage of investment in business and investing in companies such as investment, investment and investment is not the only way it can be used to create investments in some sectors, with the aim of helping investors to develop higher confidence in future generations of businessmen and business leaders to share ideas on the future of companies and companies which have played the key role in boosting the economic fortunes of some giant companies in recent years, writes BBC Africa.

Source: gna.org.gh
Published on 2024-05-02