Ci Gaba Fund raises GHS380m for SMEs
The Ci Gaba Fund has secured GHS380 million from investors. This fund aims to use Ghanaian pension money to support small and medium-sized businesses (SMEs). It will invest in private equity and venture capital funds. These funds will then provide money to SMEs in sectors like farming, health, and technology. This helps businesses grow and creates jobs.
The Ci Gaba Fund, managed by Savannah Impact Advisory, has raised GHS380 million. This money comes mainly from Ghanaian pension funds and other local investors. The fund will invest in other investment funds. These funds will then give money to small and medium-sized businesses (SMEs) across Ghana and West Africa.
This initiative helps solve a key problem: many SMEs struggle to get funding. The fund plans to reach a total of GHS1 billion. By using local savings, it aims to support business growth and create jobs.
The fund will put money into private equity, venture capital, and private debt funds. These will support businesses in areas like agriculture, healthcare, and technology. FSD Africa Investments also committed $7.5 million to the fund.
This method helps move capital more efficiently into businesses that can drive economic growth. It also supports the idea that local money should be used to develop Ghana's economy.
Source: StatsGH — Ghana's data-driven news platform