Recent economic development and revitalization of Venture Capital Trust Fund (VCTF) as well as pensions fund reforms in Ghana have led to renewed interests in the PE/VC industry.
Accordingly, there has been emergence of a number of VC/PE practices, most of whom are considering the possibility of domiciling their funds in Ghana.
However, the absence of a Limited Partnership Act in Ghana presents a challenge and would require that PE/VC funds domiciled in Ghana have to be run as LLCs. As Ghana strives to be a leading PE/VC investment destination in Africa, it is important that investors (LPs), fund managers (GPs), regulators, and other stakeholders are clear on what opportunities and challenges exist, and how we can future improve our tax and legal frameworks to make Ghana a more attractive market for PE/VC.
On Thursday the 2nd of June, the Ghana Venture Capital and Private Equity Association(GVCA), launched a Legal and Tax Paper.
This is one of the ways that GVCA is working on to accelerate the growth of the private equity and #venturecapital industry in Ghana.