The Minister for Foreign Affairs, Honourable Samuel Okudzeto Ablakwa (MP), on Friday, January 16, 2026, held talks with the Acting Chief Executive Officer of the Venture Capital Trust Fund (VCTF), Mr. Michael Abbey Esq., to explore partnership opportunities aimed at boosting Ghana’s economic growth.
The engagement also allowed the VCTF Acting CEO to brief the Minister on the Fund’s operations and its impact on Ghanaian enterprises over the years. Mr. Abbey said VCTF has, for more than two decades, supported small and medium-sized enterprises (SMEs) across sectors including agribusiness, education and technology, reaching businesses in various regions of the country.
He noted that beyond financing, VCTF tracks job creation and tax compliance by beneficiary companies, while also providing capacity-building support to promote sustainable growth. Mr. Abbey added that the Fund is seeking to mobilise capital through partnerships and align more closely with government initiatives, including the 24-Hour Economy, through the proposed Edwumawura Fund to support businesses consistent with that vision. He also highlighted VCTF’s focus on sustainability by backing enterprises that adhere to the Sustainable Development Goals (SDGs).
In his remarks, the Minister welcomed the proposal for collaboration, noting that VCTF’s mandate of supporting SMEs aligns strongly with the Ministry’s Economic Diplomacy agenda. He stressed the importance of collaboration, and where possible consolidation, among the numerous funds pursuing similar development objectives.
Both parties reaffirmed their commitment to strengthening cooperation to advance investment, job creation and inclusive economic growth in Ghana.