Venture Capital Trust Fund to drive SME financing under 24-Hour Economy Policy - Mahama

President John Mahama announced the Venture Capital Trust Fund (VCTF) will support Small and Medium-sized Enterprises (SMEs). This is part of the Government’s 24-Hour Economy Policy.

The 24-Hour Economy Policy encourages businesses to operate around the clock. The goal is to boost productivity and create jobs.

This policy will launch on July 1st. It aims to transform the local economy and generate employment for citizens.

During a meeting at the Presidency in Accra, President Mahama highlighted the VCTF's role. He stressed its importance for businesses, cooperatives, and entrepreneurs in key sectors.

The Fund will collaborate with the Development Bank of Ghana. Together, they will provide essential financial support for growth, innovation, and job creation.

This initiative is central to President Mahama’s economic agenda. It also fulfills a major campaign promise ahead of the 2024 elections.

By improving access to capital, this policy aims to create new opportunities. It particularly targets SMEs, which are vital for Ghana’s economic development.

President Mahama reaffirmed his commitment to empowering local businesses. His administration focuses on inclusive economic transformation through strategic investments and innovative policies.