GH¢185m deal alert: 10 investment firms back Ghanaian agribusiness SMEs to create jobs and scale up.
About 10 investment firms, including impact investors, equity firms, banks and other financial institutions, have committed over GH¢185 million to support selected SMEs in Ghana’s agribusiness sector to expand operations and create jobs. The firms engaged 40 SMEs in the nutrition and agri-food sector at the Nkabom Collaborative Investment Forum in Accra, organised by the Mastercard Foundation, the Association of Ghana Industries, Densu Associates and six universities in Ghana and Canada, aimed at bridging financing gaps and linking investor-ready businesses to capital providers. According to organisers, 38 SMEs have already been matched with potential investors following assessments of over 100 businesses and investment readiness training, with commitments expected to translate into business growth and employment. The initiative also supports a broader goal of creating 55,000 jobs and backing 3,000 youth-led SMEs over seven years, while stakeholders, including Presidential Advisor on the Economy Seth Terkper, noted renewed investor confidence in Ghana’s economy following improved market stability, and agribusiness players such as Trolley Market are seeking additional funding to scale production and expand into export markets.
