Loans and microfinance

Loan is a common way of financing companies: you borrow from the investors/lenders an agreed amount (the principal) and reply the principal and interest to them after a specified period of time. Microfinance loans typically target small business owners. 

Here under is the list of all Microfinance institutions in Ghana according to Business Ghana

• Loan is a common way of financing companies: you borrow from the investors/lenders an agreed amount (the principal) and reply the principal and interest to them after a specified period of time. Microfinance loans typically target small business owners.
• The full list of other microfinance institutions, including microcredit and financial NGOs, available in Ghana, can be found at Bank of Ghana
• For export financing particularly, guidance can be found at GEPA Export Financing

Crowdfunding

Crowdfunding allows entrepreneurs to raise (usually) small amounts of capital from a large group of individuals via the Internet to finance their business venture. In Ghana, the following crowd funding opportunities exist:

• GoGetFunding helps raise money for anything that matters, from personal causes and events to projects and more
• payPutt, an online fundraising platform based in Accra, collects contributions via mobile money and cards in the simplest and most transparent way possible.
• Kwidex allows everyday people own a part of the agricultural value chain by connecting them to agricultural producers who require financing, thereby contributing to fund their projects in exchange for a reward usually in the form of a share of their profits and or their produce.

Angel investments

Angel investments are typically the earliest equity investors in startup companies. Angel investors are usually wealthy individuals that band together in investor networks.

• Synergy Capital Managers, with presence in Accra and other African countries, target underserved markets and sectors across West Africa, to unlock the potential of leading SMEs in the sectors such as agro processing, e-commerce, manufacturing, etc.
• eVA Fund is dedicated to mobilize capital and sustainable tech experience to invest in small and medium sized African internet related companies.
• World Business Angels Investment Forum (WBAF), an affiliated partner of the G20 Global Partnership for Financial Inclusion (GPFI), opened its first country office of Western Africa in Ghana, 2019, aiming to ease access to finance for businesses from start-up to scale-up, with the ultimate goal of generating more jobs and more social justice worldwide. It is committed to collaborating globally to empower world economic development by creating innovative financial instruments for innovators, start-ups, and SMEs.
• Fincap Securities a private investment management firm dedicated to applying innovative, tailor made business solutions and services to addressing the business needs of the African business community.
• Wangara Green Ventures an evergreen climate-focused fund in Ghana. The fund invests between GHS 250,000 and GHS 2,500,000 through equity and quasi-equity instruments as well as provide technical assistance to portfolio companies.

Venture capital

Venture capital refers to money invested in a project in which there is a substantial element at risk, typically a new or expanding business.

• The Venture Capital Trust Fund (VCTF) provides financial resources for the development and promotion of venture capital financing for SMEs.
• Oasis Capital Ghana Limited was established in February 2009 under the laws of the Republic of Ghana as a growth and venture capital fund manager. It seeks to provide risk capital in the form of equity, quasi-equity and profit-sharing facilities to entrepreneurial businesses in Africa.
• SunFunder provides funds to solar enterprises across Africa, specifically for businesses working in off-grid, residential, productive use, mini-grid and commercial and industrial solar.

Government Schemes

• Youth Empowerment Synergy (YES-Ghana) is the nation’s foremost and most extensive youth organisation bringing together innovative and energetic young professionals in different capacities.
• Presidential Business Support Programme (PBSP) is an initiative of the National Entrepreneurship and Innovation Plan (NEIP) under the Ministry of Business Development. It is aimed at assisting Ghanaian businesses with Business Advisory Services and funding to scale up and to create jobs.

Others

• Small Business Financing Options Without a Traditional Bank introduces several alternative financing methods and lenders that may meet the ventures’ needs.
• Skills Development Fund (SDF) is one of a series of new mechanisms to improve efficiency and effectiveness of the technical and vocational education and training (TVET) system and ensure sustainable sources of funding for TVET.
• GroFin offers finance and business support work hand-in-hand to help SME businesses develop capacity, improving turnover and profits. It also helps entrepreneurs enhance their management skills towards developing growth strategies as well as managing and mitigating risks.