The Venture Capital Trust Fund (VCTF) will in 2026 launch a Digital Innovation Fund to expand financing for early-stage digital enterprises and climate-smart innovations under the Ghana Digital Acceleration Project (GDAP).
The facility, supported by the World Bank and implemented in partnership with the Ministry of Communications, Digital Technology and Innovation, is expected to strengthen Ghana’s digital ecosystem by providing catalytic capital to technology-driven start-ups.
Mr Michael Abbey, Chief Executive Officer of VCTF, announced this at the 2025 Ghana Digital Innovation Week, stating that the Fund was positioning itself as a key enabler of Ghana’s digital transformation.
He said global economic growth was increasingly anchored on technological advancement, making targeted funding for digital businesses essential.
“Every second, our world evolves, fuelled by the transformative power of technological
innovation. Here in Ghana, we see that transformation in the creativity of young entrepreneurs, the rise of digital start-ups, and the way innovation is reshaping business operations and public service delivery,” he said.
Mr Abbey said the Digital Innovation Fund would support early-stage businesses by de-risking innovation, connecting digital firms to emerging fund managers, and providing financing that allowed Ghanaian solutions to scale sustainably.
He noted that the Fund was intensifying domestic capital mobilisation to ensure that value created within Ghana’s digital economy remained in the country.
“As part of our reforms, for every GH¢1 we invest, VCTF mobilises an additional GH¢5 in co-investments. We are also engaging the pensions and insurance industries to expand long-term financing for the digital sector,” he said.
The CEO added that VCTF had begun consultations with corporate institutions to establish an Environment, Social and Governance (ESG) Fund aimed at supporting businesses and start-ups committed to strong sustainability and governance principles aligned with the Sustainable Development Goals (SDGs).
Highlighting inclusivity as a core pillar of VCTF’s mandate, Mr Abbey recalled that the Fund last year launched Ghana’s first women-led investment vehicle to channel capital toward women-owned or women-led enterprises.
He stressed that digital transformation must ensure equitable access for women, persons with disabilities, and underserved communities.
“I encourage institutional investors and capital providers to follow this example so that access to capital becomes truly inclusive,” he noted.
Mr Abbey urged stakeholders across government, academia, development institutions, and the private sector to deepen collaboration and innovation in order to position Ghana as a leader in Africa’s digital revolution.
