The Chief Executive Officer (CEO) of Ghana Export Promotion Authority, Madam Afua Asabea Asare has been appointed a Board Member of the World Business Angel Investment Forum (WBAF) in Ghana.
At a high profile event held in Accra this month to officially open the Ghana office of the World Business Angel Investment Forum, Vice President, Dr. Bawumia led dignitaries to receive the seven member newly appointed Board of Directors.
The member newly appointed Board of Directors were Afua Asabea Asare, John Ampontuah Kumah- CEO of National Entrepreneurship and Innovation Programme, Kate Quartey Papafio- CEO and Founder of Reroy Cables Limited, Ghana and Seth Twum-Akwaboah- CEO of Association of Ghana Industries (AGI).
The rest are George Ofosuhene, CEO- Bond Savings and Loans Company, Henrietta Halm-lutterodt from the Ministry for Business Development and Michael Akoto Ohene-Addo- Country Director, WBAF
Expatiating on the essence and benefit of having the World Business Angel Investment Forum set up in Ghana, Dr. Bawumia explained that the only true sources of smart finance are angel investors, who are able to influence a country’s economic development by providing more than just money to entrepreneurs and Small and Medium-sized Enterprises (SMEs).
Access to finance and high interest rates are the biggest challenges faced by most entrepreneurs across the country. The main objective of WBAF is to support entrepreneurs and startups; support SMEs to scale-up their businesses and create jobs worldwide every year.
Thus, the existence of the WBAF in Ghana will connect Ghanaian entrepreneurs and business entities to the world’s angel investment community.
Ghana is the first country in the West Africa sub-region to benefit from World Business Angel Investors Forum.