The role of venture capital on the growth and development of small and medium enterprises in the Kumasi metropolis

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AUGUST, 2015
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In Ghana, the SME sector has been acknowledged as the conduit of economic growth and sustainable employment. The introduction of the Venture Capital Trust Fund in 2004 was hailed as timely intervention to provide risk and equity capital to promote the sector. A decade after its introduction, the researcher is encouraged to assess the awareness of Venture Capital Financing within the SME’s sector in the Kumasi Metropolis as the fund seeks to fulfil its mandate. To achieve the objective, the researcher administered 50 questionnaires to SME’s that meets the basic requirement to attract Venture Capital Financing. The study found that, after a decade of the introduction of the scheme, it is still not popular within the SME sector in the region and little effort were being made to bridge this gap by the key stakeholders irrespective of some key success it has chalked and recommends that, a sustained public awareness creation through the print, electronic media, seminars and workshops.
A thesis submitted to the department of Accounting and Finance of the Kwame Nkrumah University of Science and Technology in partial fulfilment for the degree of Master of Business Administration (Finance) ,