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GRi Business
Thursday 23 May 2013

2013-05-19

[B] Fiaseman Rural bank declares 1,828,387.00 cedis as net profit
[B] EDAIF can boost agricultural productivity to GDP- Board Member

2013-05-13

[B] Gov't pins hopes on capital market

2013-05-10

[B] NIC to get tough on uninsured commercial property owners

2013-05-08

[B] MTN commands 65% of data market in Ghana

2013-05-06

[B] Effutu To Get Oil Refinery

2013-05-01

[B] Prestea Comes Alive…As Underground Mines Open

2013-04-20

[B] UT Bank launches Bank on Wheels

2013-04-15

[B] Remove fuel subsidies now - IMF tells Gov't  

2013-04-12

[B] Market premium not negotiable - White Paper

2013-04-09

[B] Offshore oil discovery affecting maritime security dynamics - Navy

2013-04-08

[B] Inflation will return to single digit by June – BoG
[B] Local airlines resume full capacity operations to Kumasi

2013-04-07

[B] Mining sector gives Ghana US$2 billion annually

2013-04-05

[B] Ghana to mine diamond in Zimbabwe

2013-04-04

[B] PEF now Private Enterprise Federation
[B] Tullow Oil downplays worries over possible damages to wells   

2013-03-28

[B] World Bank provides support for developmental gov’t programmes
[B] Sea water to be purified for Takoradi residents   

2013-03-22

[B] Tullow Oil apologizes to Ugandan President over false allegations
[B] GNAT bank can compete – Banking Consultant  
[B] Improving energy capacity is a must - Hannah Tetteh   

2013-03-21

[B] Barclays Bank Ghana MD resigns
[B] Tullow signs 5-year deal with FMC Technologies

2013-03-12

[B] 9% deficit reduction is not ambitious – Dr. Kwakye
[B] Access Bank temporarily closes Ring Road

2013-02-28

[B] 2013 Budget to be presented to parliament on March 5
[B] Employers Association decries high cost and access to credit
[B] Statement: GGBL launches new true Ghanaian beer, Ruut Extra

2013-02-27

[B] Gov’t is scheming to sell TOR - Minority  

2013-02-26

[B] Credit Union Bill anticipated to be passed this year
[B] British Airways is very committed to Ghana - James Wooldridge
[B] Lufthansa awarded 5-Star rating for its First Class product
[B] TOR boss, Energy Minister, make contradictory statements on TOR debt

2013-02-25

[B] Retrieve redundant radio frequency licences Communications Minister tells NCA
[B] Ghana must ensure transparency in management of oil revenue - Okonjo-Iweala

2013-02-20

[B] Menergy International Unhappy

2013-02-18

[B] Trade records $4.2 billion deficit  
[B] Single Spine, Cedi shock economy
[B] EuroStar Global Limousine unveils top range luxury Limosines for rental services
... go Back
 
Business

[ 2012-05-29 ]

Venture Capital Trust to increase fund size
The Venture Capital Trust Fund is working to
increase its fund size to 250 million dollars by
August this year.

This was after the fund secured a 150 million
dollar facility from the China Exim bank last
week. The facility is expected to help the Trust
promote private equity funding in the country.

Government, which is the majority shareholder in
the fund, however has to provide the necessary
guarantee before the funds come in.

Chief Executive of the Venture Capital, Daniel
Doku told JOYBUSINESS this will help improve its
dealings with small businesses.

The Venture Capital Trust currently has a fund
size of 100 million dollars.

Source - Joy News


... go Back

 

Who is on the hook for this facility, the public or the government of Ghana. Any accountability where the money is being lend out. Any better repayment system in place or it becomes another government waste.
FF, Sydney 2012-05-29 (16:52:17)

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