Ghana SME Impact Investment Support Project
Key Dates and Information
About The Ghana SME Impact Support Programme
The Ghana SME Impact Investment Support (GSIIS) Project has been designed to provide Pre- and Post-Investment Technical Assistance for investee companies of impact investors in Ghana. Whereas the program is designed mostly around the provision of Post-investment TA, Pre-investment TA could be provided in cases where there is a commitment by the investor to invest, but the TA would be needed to address some pre-conditions for fund disbursement. In such cases of pre-investment TA, the commitment by the investors to invest could be shown through an investment committee approval and an investment offer letter or term sheet, which is very explicit on the pre-conditions and timelines for final closure and fund disbursement. The GSIIS project will support about 10-12 investee companies over an 18-month period.
Key Features of the Programme
This program aims to do the following
Technical Assistance
Pre- or Post Investment Technical Assistance support for 10-12 SMEs
TA Support
4 – 12 month of Technical Assistance support per TA case
TA Grants
Up to EUR 16,000.00 in TA Grants per SME
Eligibility Criteria
All applicants will be considered if they meet the following criteria.
- SME must be nominated by an impact fund.
- The cost of TA should not be more than 20% of the investment ticket size.
- Must show demonstrable impact of the TA requirement on specific business growth indicators (customer base / new products or services / turnover / profit / (further) external financing)
- Job creation target over the next 12 months. The ideal consideration is not more than EUR 1000 per job created from TA spend.
- Priority shall be given to green businesses and women owned/led enterprises.
- Where necessary, SMEs will be required to contribute financially towards specific deliverables as part of the TA provision. This determination will be made on a case-by-case basis.
