Venture capital as a form of development acceleration and increase of market share and company’s profitability in Ghana

Inhaltsverzeichnis (Table of Contents)

• 1. INTRODUCTION
• 2. VENTURE CAPITAL AS DEVELOPMENT ACCELERATION, INCREASE OF MARKET SHARE AND COMPANY'S PROFITABILITY
  • 2.1 Venture Capital
    • 2.1.1 Definition of Venture Capital
    • 2.1.2 Characteristics of Venture Capital Concept
    • 2.1.3 What Venture Capital Expect
    • 2.1.4 The Venture Capital Investment
    • 2.1.5 Financing Stage of Venture Capital
      • 2.1.5.1 Venture Capital versus Private Equity
      • 2.1.5.2 Type of Investee Firm
      • 2.1.5.3 Use of Proceeds by Investee Firms
      • 2.1.5.4 Type of Risk
    • 2.1.6 Venture Capital Funding
      • 2.1.6.1 Clear-Cut Policy and Regulatory Framework
    • 2.1.7 History of Venture Capital
    • 2.1.8 Growth of Venture Capital
      • 2.1.8.1 Venture Capital in Europe
      • 2.1.8.2 Venture Capital in Africa
      • 2.1.8.3 Venture Capital in Ghana
    • 2.1.9 Summary
  • 2.3 Definition and Overview of SMEs in Ghana

  Zielsetzung und Themenschwerpunkte (Objectives and Key Themes)

  This dissertation thesis examines the role of venture capital in accelerating the development and increasing market share and profitability of small and medium-scale enterprises (SMEs) in Ghana. The study aims to assess the contribution of the Venture Capital Trust Fund to the financial management, corporate governance, profitability, and market share of beneficiary SMEs.

  • The impact of venture capital on SME growth and development in Ghana
  • The contribution of venture capital to financial management and corporate governance practices of SMEs
  • The relationship between venture capital investment and the profitability and market share of SMEs
  • The challenges and opportunities associated with venture capital in Ghana
  • Recommendations for fostering a vibrant venture capital ecosystem in Ghana

  Zusammenfassung der Kapitel (Chapter Summaries)

  Chapter 1 introduces the topic of venture capital and its relevance to SME development in Ghana. It provides a background on the SME sector in Ghana and highlights the challenges faced by SMEs in securing funding and achieving sustainable growth. Chapter 2 delves into the concept of venture capital, defining its characteristics, expectations, and investment stages. It discusses the historical development of venture capital, exploring its growth in Europe, Africa, and specifically in Ghana. Chapter 3 focuses on the definition and overview of SMEs in Ghana. It analyzes the role of SMEs in the Ghanaian economy, their contributions, and the factors that influence their performance.

  Schlüsselwörter (Keywords)

  Venture capital, SME development, Ghana, financial management, corporate governance, profitability, market share, Venture Capital Trust Fund, SMEs, asset turnover, average profit, average sales, return on asset, value of net asset.

  Frequently Asked Questions

  What is the role of venture capital for SMEs in Ghana?

  Venture capital serves as a form of development acceleration, helping SMEs increase their market share, improve financial management, and boost profitability.

  What are the main challenges faced by SMEs in Ghana?

  SMEs often face financial constraints, high interest rates on loans, limited market share, and a lack of collateral to acquire traditional financing.

  What is the Venture Capital Trust Fund (VCTF)?

  It is a fund in Ghana established to provide long-term financing and support to SMEs to foster wealth creation and employment.

  Which sectors were studied in this dissertation?

  The study interviewed SMEs from sectors including education, agro-processing, healthcare, real estate, hospitality, and manufacturing.

  How does venture capital differ from private equity in this research?

  The research distinguishes them based on the type of investee firm, the stage of financing, the use of proceeds, and the associated risk levels.