Ghanaian leaders from private equity, securities, and pensions sectors have come together to launch a groundbreaking initiative aimed at boosting local institutional investments in venture capital and private equity. This collaborative effort, known as the “Compact,” has garnered support from prominent firms such as Deloitte, EY, KPMG, Aruwa Capital, and the Venture Capital Trust Fund, as well as key regulators including the Securities and Exchange Commission and the National Pensions Regulatory Authority.
The primary objective of the Compact is to diversify pension portfolios by channeling funds into high-growth, locally managed investment vehicles. By doing so, the initiative seeks to not only enhance economic resilience but also stimulate job creation within the Ghanaian market. One of the key strategies outlined in the Compact is the importance of domiciling fund vehicles in local currencies, a move designed to foster sustainable development and promote financial inclusion across African markets.
With the ultimate goal of driving growth and prosperity within the region, the Compact represents a significant step towards harnessing the potential of local institutional investments in venture capital and private equity. By encouraging collaboration between industry players and regulatory bodies, this initiative is poised to create a more robust and dynamic investment landscape in Ghana and beyond.
Source: Disrupt Africa
