Norfund backs Ghana Investment Support Programme
GhISP aims to increase investment flows to underserved SMEs in Ghana.
** For the best experience, download the free Africa Private Equity News app Android | iOS **
The Ghana Investment Support Programme (GhISP) has officially welcomed Norfund as the latest co-funder to join its efforts to strengthen private sector development in Ghana. The announcement comes just a few months after Switzerland’s State Secretariat for Economic Affairs (SECO) officially joined the programme.
GhISP is a technical assistance initiative, powered by British International Investment (BII) and supported by SECO and Norfund. It aims to increase investment flows to underserved SMEs in Ghana.
Norfund’s regional director for West Africa, Naana Winful Fynn, sees strong synergies between GhISP and Norfund’s role as an investor in Ghana. “By helping SMEs institutionalise and become more investment ready, GhISP contributes to making businesses more able to attract capital from institutional investors and also contributes to building a stronger pipeline of businesses for institutional investors, thus catalysing private sector growth.”
Last month, Norfund invested in Growth Investment Partners (GIP) – an investment platform established by BII. GhISP works closely with GIP to provide tailored pre- and post-investment support to SMEs. It also helps connect these businesses to capital by supporting investments made by GIP, other BII investees, and fund managers in Ghana.
Want to know who is raising, investing, and exiting in Africa? Get Africa Private Equity News’ monthly Dealmaker’s Log – a database of reported investment deals, exits, and fundraising closes. The Dealmaker’s Log is available to all Premium subscribers, with the latest edition delivered immediately upon subscribing – subscribe now.