Venture Capital Trust Fund (VCTF) has signed a Memoranda of Understanding (MoU) with the Ghana Institute for Management and Public Administration (GIMPA) to establish a centre for impact investing in the country, according to BusinessGhana.
The partnership was to establish a collaborative framework for the promotion of impact investing as a means of developing a business community of social enterprises to deal with the social and environmental challenges confronting the country.
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Daniel Doku, CEO of VCTF said the collaborative efforts is expected to culminate into the establishment of GIMPA Centre for Impact Investing, which is expected to be seeded by the VCTF using grant received from the Rockefeller Foundation in 2012.
He said the impact investments are investments intended to create positive impact beyond financial return and that it is estimated that the impact investment market offers the potential over the next ten years for invested $400 billion to $1 trillion and profit of about $183 billion to $668 billion dollars.
Venture Capital Trust Fund is a government of Ghana backed private equity initiative, which provides long-term funds as well as technical support to Small and Medium Enterprises to expand their businesses.
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