The Ghana Venture Capital & Private Equity Association (GVCA), one of Africa’s leading voices for venture capital and private equity advocacy, has unveiled a landmark “Compact” aimed at galvanizing local institutional asset allocations to the VC and PE asset class. This industry-wide initiative marks a pivotal moment in strengthening Africa’s private capital markets by mobilizing long-term, locally sourced capital into high-impact investment vehicles.
Founded in 2021, GVCA serves as a powerful connector within Ghana’s and West Africa’s evolving private investment ecosystem. It brings together key stakeholders—ranging from asset allocators and institutional investors to fund managers, portfolio companies, service providers, and advisors—creating a collaborative platform for capital formation, knowledge sharing, and policy influence.
As the industry matures, GVCA has expanded its membership base to include leading venture capital and private equity firms, banks, pension funds, insurance firms, and professional services organizations. The association also plays a critical advocacy role, engaging with regulatory bodies, government ministries, financial institutions, and development partners to promote policies that foster investment readiness, market transparency, and inclusive economic growth.
The new Compact represents a collective commitment by industry players to accelerate local capital flows into private markets and to build a resilient African investment ecosystem rooted in sustainability, inclusion, and long-term value creation. It was officially introduced during GVCA’s recent institutional investment dialogue, a gathering of key stakeholders from across Africa’s investment value chain.
The first wave of signatories includes some of the continent’s most respected organizations and thought leaders in private capital, gender lens investing, regulatory reform, and impact finance. Among them are Deloitte, EY, KPMG, Aruwa Capital Management, Oasis Capital Ghana, Savannah Impact Advisory, the Venture Capital Trust Fund, and influential institutions such as the Securities and Exchange Commission (SEC), the National Pensions Regulatory Authority (NPRA), Impact Investing Ghana, and the Ashesi University Endowment Fund.
This Compact seeks to encourage pension funds, insurance companies, and other long-term asset owners to commit to well-governed, locally domiciled investment vehicles that support innovation, job creation, and inclusive growth. It advocates for diversified portfolio strategies that balance risk and return by incorporating private equity and venture capital allocations alongside traditional asset classes.
“Africa’s pension and insurance sectors are sitting on the opportunity of a generation,” said Amma Gyampo, CEO of GVCA, during the launch event. “As stakeholders, we are here to lead the ecosystem into action. Diversification into high-growth, well-managed local private equity funds is not just smart risk management—it is essential for financing the kinds of companies that create stable jobs, deliver strong returns, and ultimately help our economies become more self-reliant and competitive.”
She further emphasized the importance of local currency funding mechanisms and the need for fund domiciliation within African markets. “Domiciling fund vehicles in local currencies is critical to anchoring growth domestically, avoiding value erosion through currency depreciation, and building a virtuous cycle of resilience, reinvestment, and inclusion. If we want our pension assets to grow sustainably, we must finance that growth from within,” she added.
The Compact is expected to evolve into a broader continent-wide campaign, positioning Ghana and its stakeholders at the forefront of a regional movement to unlock institutional capital for African private equity and venture capital. GVCA plans to release a full framework outlining investment guidelines, risk profiles, and case studies of successful local funds to guide institutional decision-making and build confidence in the asset class.
As Africa’s economies continue to evolve, the GVCA Compact could mark a turning point in how capital is mobilized to power the continent’s next generation of enterprises—especially in sectors like technology, healthcare, agribusiness, and green infrastructure.
