President John Dramani Mahama has announced that the Venture Capital Trust Fund (VCTF) will play a pivotal role in financing Small- and Medium-scale enterprises (SMEs) as part of the government’s upcoming 24-hour Economy policy, set to launch in July.
Speaking during a multi-sectoral stakeholder engagement at Jubilee House on Wednesday, May 28, 2025, President Mahama highlighted the VCTF’s role in supporting businesses, cooperatives, and entrepreneurs in key sectors, collaborating with the Development Bank of Ghana to stimulate growth, innovation, and job creation.
The President made the promise to run a 24-hour economy during the 2024 elections, and that will be the pillar of his larger economic agenda.
Ghana’s private sector, especially SMEs, which are essential to the nation’s economic growth, are expected to find new opportunities as a result of the 24-hour economy policy’s increased access to capital.
President John Mahama reiterated his administration’s dedication to using innovative policies and smart investments to support local companies and promote inclusive economic transformation.
