Ghana’s entrepreneurial landscape is set for a major boost with the launch of the GH₵300 million Scale Up Fund, an initiative designed to help local businesses transition from survival to sustainable success.
Speaking at the launch event, Richard Nii Armah Quaye, business mogul and philanthropist, emphasized that the new fund marks “the beginning of a movement” — one that bridges the gap between potential and performance for Ghanaian entrepreneurs.
The Scale Up Fund is a bridge from potential to power, from survival to success,” he declared. He added “We’re putting ₵300 million behind one clear belief: Ghana doesn’t lack talent or ideas; what we often lack is the capital and the systems to scale.”
Quaye noted that since its inception, Quick Angels has demonstrated the power of collective investment and mentorship through partnerships with thriving Ghanaian brands such as Pizzaman Chickenman, Oya Micro-Credit, Sankofa, Burger King, King Ranch, and Pinkberry.
According to him, the Scale Up Fund aims to replicate that success story by identifying entrepreneurs who have already proven their business models but now require capital, systems, and strategic guidance to expand sustainably.
He challenged Ghanaian entrepreneurs to embrace shared ownership as a path to exponential growth, citing global business leaders who own small percentages of massive enterprises yet remain among the world’s richest.
Owning 1% of greatness is better than 100% of nothing,” Quaye remarked, adding that “as smart entrepreneurs, we need to attract other people’s resources into our businesses by relinquishing some of our stake in return for significant capital that guarantees long-term success.”
Beyond financial investment, Quaye stressed that scaling requires discipline, structure, and resilience. The fund, he explained, is not designed for handouts but for entrepreneurs with grit, strategy, and accountability.
Scaling up is more than money,” he stated. “It’s about mindset. It’s about understanding that business is not built for today’s excitement but for tomorrow’s endurance.”
The Scale Up Fund will provide access to mentorship, governance support, and funding for growth-ready enterprises, reinforcing Ghana’s broader goal of building a resilient, private-sector-driven economy.
Concluding his address, Quaye called on entrepreneurs nationwide to rise above limitations and take bold steps toward expansion:
Every successful economy was built on entrepreneurs who refused to stay small. It’s time for Ghana to scale.”
Quick Angels Limited's Chief Executive Officer, Emmanuel N. L. Lamptey, on his part, emphasized the importance of partnerships, structure, and discipline in driving Ghana's economic growth.
Highlighting the potential of Ghanaian entrepreneurs and the need for strategic support to help them scale, Lamptey noted that Quick Angels was founded on the belief that Ghanaian entrepreneurs deserve more than encouragement; they deserve capital, structure, and partnership. He emphasized that structure and discipline are essential for scaling businesses, and every entrepreneur partnered with Quick Angels receives not just funding, but also governance frameworks, mentoring, and operational discipline.
The Scale-Up Fund is a GHS 300 million initiative designed to support Ghanaian entrepreneurs in scaling their businesses. With over 300 Ghanaian-owned enterprises applying for the fund, Lamptey expressed optimism about the potential for growth and innovation in the country.
Ghana's economic story will not be written by speeches or promises. It will be written by the partnerships we form, the ideas we back, and the businesses we build," Mr. Lamptey stated. He urged entrepreneurs to be clear about their numbers, models, and missions when pitching for funding, emphasizing that funding will open the door, but discipline will keep you in the room.
Comments