A formal angel trader organization has been launched in Accra to supply capital for opportunity and present entrepreneurs by means of partnerships.
The business, dubbed: ‘Quick Angels Limited’, is expected to assure a gain-acquire romantic relationship between them and all enterprise and increase the economic system via their expenditure in business owners.
Mr Richard Nii Armah Quaye, Main Executive Officer of Brief Angels Limited who released the business said the institution of the business was necessitated by the have to have to make sure that entrepreneurs with outstanding company thoughts do not fail owing to inadequate cash or absence of assistance.
Angel trader provides cash for business start off-ups usually in exchange for convertible credit card debt or possession.
He said it was by means of angel investing, the environment gave delivery to remarkable business people like the founders of Fb, google, uber amid other individuals that have adjusted the planet
“I believe that in the ingenuity of the Ghanaian and I strongly believe that that with the important and right guidance we can as a country make the likes of these fantastic providers,” he stated.
Mr Quaye mentioned the business would supply solutions these types of as get started-up equity financing, early phase equity financing, business enterprise growth equity, tiny and medium enterprises fairness financing and shopping for and promoting of corporations to the community
The theme for the start was “Angel investors, partnering entrepreneurs for economic growth”
Mr Quaye hoped that the establishment of the organization would tackle problems such as the scarcity of investors in the economic system major to insufficient capital and deficiency of assistance for youthful corporations.
Mr John Kumah, Main Govt Officer of Countrywide Entrepreneurship and Innovation Approach (NIEP) observed that Angel Buyers were not typical in Ghana, stating that the launch of Speedy Angels Minimal would fill the huge gap in the entrepreneurship and get started-ups ecosystem.
Mr Kumah stated, the governing administration via NIEP delivered instruction to 7,000 commence-ups and funded 1,350 of them with a minimum amount seed funds of GH₵10,000.00 and a highest of GH₵100,000.00 final calendar year.
“The significant dilemma with most start off-ups in Ghana is that they are not intrigued in sharing their equity with the traders but international begin-ups succeeded simply because of the support they obtained from investors and because they approved the global development for company successes,” he said.
He suggested begin-ups to permit institutions to arrive on board as shareholders or board associates who would finance their organization to the utmost.
Mr Edward Ashong Lartey, a senior expense officer at the Ghana Investment Promotion Centre (GIPC) congratulated Swift Angels Limited for venturing into the fiscal space.
He explained the GIPC as the leading expenditure agency was happy that the angel organization was set up to raise the much required capital to support business owners.