Ghana SEC Urges SMEs to Embrace Investor Opportunities

In a bid to spur economic growth and combat unemployment, the Securities and Exchange Commission (SEC) of Ghana has called upon small and medium-scale enterprises (SMEs) and entrepreneurs to welcome investments from potential investors.

Director General of SEC, Reverend Daniel Ogbarmey Tetteh, underscored the vital role that investments play in unlocking the full potential of SMEs and addressing unemployment challenges within the nation. He emphasized the significance of venture capital and private equity as flexible avenues for providing investable funds to SMEs, aligning with Ghana's strategic goals of job creation and fostering resilient businesses.

Addressing attendees at the annual conference of the Ghana Venture Capital and Private Equity Association, Reverend Tetteh stressed the importance of maintaining accurate records to attract investments. He also highlighted the necessity for enhanced education among SMEs to encourage transparency in their business operations, crucial for attracting potential investors.

Reverend Tetteh acknowledged the presence of venture capital and private equity firms actively seeking investment opportunities and urged SMEs to leverage these platforms for growth and expansion. He emphasized the need for SMEs to embrace transparency and openness to facilitate investor confidence.

In response to these calls, the Ghana Venture Capital and Private Equity Association announced plans to launch investment readiness training programs aimed at bolstering SMEs' attractiveness to potential investors. CEO of the association, Hannah Acquah, emphasized the importance of such training in preparing entrepreneurs for financing opportunities and fostering collaboration with industry stakeholders.

Acquah highlighted the abundance of financing opportunities available to entrepreneurs, emphasizing the role of the association in structuring businesses to facilitate access to funding. She stressed the mutual responsibility of both SMEs and investors in preparing and structuring themselves for successful collaborations.

The initiatives proposed by the SEC and the Ghana Venture Capital and Private Equity Association signify a concerted effort to support SMEs in Ghana, fostering a conducive environment for growth, innovation, and job creation within the country's entrepreneurial ecosystem.