The 24-Hour Economy and Accelerated Export Development Secretariat has signed a Memorandum of Understanding (MOU) with the Ghana Venture Capital Trust Fund (VCTF) to strengthen access to capital for Ghanaian enterprises and support productivity growth, job creation, and sustainable economic transformation under Ghana’s 24-Hour Economy Agenda.
The partnership is expected to strengthen enterprise financing under Ghana’s 24-hour economy agenda by improving investment readiness and deploying structured capital to high-potential businesses.
Speaking at the ceremony, Presidential Advisor on the 24-Hour Economy and Accelerated Export Development Programme, Augustus Tanoh, described the agreement as one which goes beyond policy intent, to focusing on disciplined execution, institutional coordination, and structured capital deployment in support of organised economic transformation. According to him, the 24-hour economy initiative is designed to expand productivity, position Ghanaian enterprises to scale and export, and create sustainable, quality jobs.
Mr. Tanoh highlighted the Venture Capital Trust Fund’s critical role within Ghana’s capital market ecosystem, particularly in providing patient capital, supporting enterprise growth, and crowding in private investment. He explained that under the MOU, both institutions will jointly identify viable enterprises, improve investment readiness, and structure capital solutions that support scale, sustainability, and employment creation.
He emphasised that the partnership recognises the need for public initiatives to catalyse private capital rather than displace it, while building a strong pipeline of investment opportunities capable of attracting domestic and international investors.
Chief Executive Officer of the Venture Capital Trust Fund, Michael Abbey, described the MOU as a shared commitment to strengthening enterprise competitiveness and national productivity.
Mr. Abbey noted that productivity requires more than policy declarations, stressing the importance of patient and structured capital, aligned with business growth cycles.
He emphasised the need for strong technical and operational support, as well as coordinated institutional action to ensure policy, capital, and capability move in alignment.
He highlighted VCTF’s more than 20 years of experience mobilising sustainable capital for small and growing enterprises in collaboration with public and private partners. Under the partnership, he said, a structured pipeline of investment-ready businesses will be developed, with strengthened governance and tailored equity and quasi-equity solutions to support enterprise growth.
Priority sectors under the partnership include light manufacturing, logistics, agribusiness, healthcare, education, technology, and other essential services critical to improving productivity, strengthening value chains, and creating sustainable jobs.
Mr. Abbey further underscored the partnership’s emphasis on accountability, strong governance, responsible investment practices, and inclusive growth, including expanding opportunities for women-led enterprises and businesses across different regions of the country.
Also in attendance was the Chief Executive Officer of the Ghana Infrastructure Investment Fund (GIIF), Nana Kwadwo Dwemoh Benneh.
Through the signing of the MOU, both institutions reaffirmed their commitment to measurable outcomes, disciplined capital deployment, and long-term collaboration in support of Ghana’s 24-hour economy vision; signalling a shift from policy intent to execution by aligning capital, capability, and coordination to drive enterprise growth and economic transformation.
