VCTF Urges Government to Invest in Ghana’s Digital and Innovation Startups
The Venture Capital Trust Fund (VCTF) is calling on the Ghanaian government to play a more active and financially supportive role in fostering the growth of digital and innovation startups within the country. This call to action emphasizes the importance of local ownership and investment to unlock the full potential of Ghana’s burgeoning tech sector.
Mobilizing Local Support for Digital Growth
During the Ghana Digital and Innovation Week (GDIW) 2025 launch, VCTF General Manager Percival Ampomah highlighted the necessity for government agencies to mobilize local capital and support mechanisms for digital startups. While acknowledging the invaluable contributions of international donor partners, Ampomah stressed the critical need for domestic actors to take the lead in financing and nurturing innovation. He pointed out the disproportionate reliance on foreign funding, using the UK government’s support for research and innovation in Ghana as an example. This dependence, according to Ampomah, underscores the urgent need for Ghana to prioritize and invest in its own digital future.
In conclusion, the VCTF’s appeal underscores a broader sentiment within the Ghanaian tech ecosystem: that sustainable growth and impactful innovation require substantial local investment and governmental support. By prioritizing the digital sector, Ghana can ensure its startups have the resources they need to thrive and contribute to the nation’s economic development.
Keywords
Related Keywords: Government support startups, Digital startups funding, Innovation startups investment, VCTF, Venture Capital Trust Fund, Government ownership startups, Startup ecosystem, Government innovation policy, Digital economy growth, Startup funding
