Funding assistance for Ghanaian businesses

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Funding assistance for Ghanaian businesses are offered through a wide network of funders that Dream Team Capital has liaised with and created trusted relationships.

Funding assistance for Ghanaian businesses

In Ghana, the government introduced the National Entrepreneurship and Innovation Plan (NEIP) to provide support to startups and small businesses.

Government grants

Government grants are usually awarded to businesses that have the potential for job creation or support employment initiatives for women. Grants are a great option for entrepreneurs because they are not paid back and this, in turn, makes the grant application process a rigorous one because of the high volume of applications.

One of the ongoing government grant schemes is the Presidential Business Support Programme. This is an initiative of the National Entrepreneurship and Innovation Plan (NEIP) under the Ministry of Business Development. The program is aimed at assisting Ghanaian businesses with Business Advisory Services and funding to scale up and create jobs.

Angel investors

Angel investors are usually wealthy individuals who invest directly in small businesses in exchange for equity. They prefer to invest in the early stages of a business and tend to require the right to supervise the company’s management practices. These investors often invest in business within their field of expertise so they do not only provide extra funds but contribute their experience and network of contacts.

Below is a list of Angel investors and their target businesses;

Synergy Capital Managers:

Synergy Capital Managers target underserved markets and sectors across West Africa, to unlock the potential of leading SMEs in the sectors such as agro-processing, e-commerce, and manufacturing.


EVafund is dedicated to mobilizing capital and sustainable tech experience to invest in small and medium-sized African internet-related companies. EVA Fund eVentures Africa Fund was launched in 2010. However, since 2016, the fund has fully invested and is currently considering the launch of a second fund.

World Business Angels Investment Forum (WBAF):

WBAF opened its first country office in Western Africa in Ghana, 2019, aiming to ease access to finance for businesses from start-up to scale-up. The ultimate goal of WBAF is to generate more jobs and champion social justice worldwide.

Venture capital:

Venture capital is quite similar to angel investors. What sets them apart is venture capitalists are firms while angel investors are individuals. Venture capital firms prefer to invest in startups, early-stage and emerging companies that have been deemed to have high growth potential. Venture capital firms provide funds in exchange for equity as well. The main criteria for venture capital firms are the speed at which your business is projected to grow. If you can meet this requirement, your business will have a higher chance of getting some funds.

Below are two venture capital agencies to look out for;

Ghana Venture Capital Trust Fund:

The Ghana venture Capital Trustfund provides financial resources for the development and promotion of venture capital financing for SMEs. Its mission is to provide credit and equity financing to eligible VCFCs to support SMEs.

Oasis Capital Ghana:

Oasis Capital Ghana was established in February 2009 as growth and venture capital fund manager. It seeks to provide risk capital in the form of equity, quasi-equity, and profit-sharing facilities to entrepreneurial businesses in Africa.


Crowdfunding is a relatively new way of attaining funds for a business and it is gradually gaining momentum in Ghana. Crowdfunding allows entrepreneurs to raise usually small amounts of capital from a large group of individuals via the internet. The money raised via crowdfunding is used by entrepreneurs strictly to finance their businesses. Raising funds via crowdfunding platforms is the easiest but your business has to attract lots of people. Below are some popular platforms used for crowdfunding:

Bank loans

Bank loans are the most commonly used source of funding for small and medium-sized businesses. It is important to note that banks offer different services so it is essential to search around and find the bank that meets your specific needs.

In general, all the options above are looking for businesses with a proven track record as well as great potential. A good idea is not enough, it has to be backed up with a solid business plan, an attractive corporate profile, and a well-established brand identity. Having a solid brand identity sets you apart from all other businesses looking for funds.

Let us know which sources of funding you’re interested in. Talk to us today to get started on your strategic documents to ensure you’re ready and set when it’s time to step up to investors. Building brands is what we do.

For more information & assistance on funding assistance for Ghanaian businesses – contact the DTC Team today!