Getting start-ups investment ready: best practice in Ghana

Each country in which Make-IT in Africa is active provides a wide range of support to their start-up ecosystems. An important part of these activities is the publication of an investment guide, which supplies tech entrepreneurs with the information they need to navigate their local investment landscape. It represents a cornerstone for the success of these young enterprises, together with direct training.

 Filling the gap: linking start-ups with financing options: Make-IT’s Investment Guide

One of the key challenges for start-ups and SMEs in Ghana, as elsewhere, is access to finance. To fill this gap, the new investment guide provides an overview of the various financing options available to entrepreneurs in Ghana. Besides explaining different funding mechanisms, it also contains a directory of investors that are actively investing in Ghana’s emerging tech start-ups. The directory includes both local and international investors with details on average investment size, type of capital provided, and exit options.

Emmanuel Mumuni, Desk Coordinator in Accra for Make-IT, explains the unique insights they were able to gain by working closely with these investors and other ecosystem players: “We identified a specific challenge facing start-ups in Ghana: fulfilling the stringent requirements to qualify for limited resources. To better prepare them for the road ahead, we realised we needed to help local aspiring entrepreneurs learn how to assess their own investment readiness.”

Ensuring investment readiness for start-ups through direct trainings

As a result, Make-IT provided five “Investment Readiness Trainings” for 60 early-stage tech start-ups in Accra, Kumasi, Takoradi and Tamale. These two-day trainings were designed to improve entrepreneurs’ access to growth capital – through hands-on education along with guidance in capital raising, funding opportunities, pitching and investor relations.

The trainings were well received by the participants but also revealed that many start-ups still have a long journey ahead to become investment ready, mostly due to gaps in business and revenue models.

A modified Investment Readiness Training will be delivered in March 2020 to selected Hub Managers, who will be expected to advise start-ups on investment readiness and become knowledge multipliers in the ecosystem.


You can download the Ghana Investment Guide here:

Read more about the launch of the Investment Guide here:



Leave a Reply

Your email address will not be published. Required fields are marked *

Fill out this field
Fill out this field
Please enter a valid email address.
You need to agree with the terms to proceed

eleven − eight =