Impact Investing Ghana has begun operationalising its innovative Ci-Gaba Fund of Funds, which seeks to unlock $75 million in local and international funding for local capital providers investing in Small and Medium Enterprises to advance Sustainable Development Goals.
The private sector-led fund of funds, the first domiciled in Ghana, will invest locally and across West Africa. A grant from the UK Foreign Commonwealth and Development Office’s (FCDO) RISA Fund will allow the Fund of Funds to set up its operations, secure anchor funders and launch.
Speaking at a training program to engage stakeholders of the Fund of Funds, CEO, Amma Lartey said, “Innovative solutions designed with the key local and international capital providers whose buy-in is needed to unlock capital for SMEs is vital. It has been a pleasure over the last year to participate in a very engaging consultative process with local pension funds, foundations, international development partners and development finance institutions to contribute to the design. We are excited to have hit this critical milestone of beginning operational setup.”
Impact Investing Ghana is a private-sector-led initiative that builds a thriving ecosystem for impact investing in Ghana. The organisation represents the country on the Global Steering Group for Impact Investing, the successor to the Social Impact Investment Taskforce established by the Group of 7 (G7).
Source: Impact Investing Ghana
