Renowned Ghanaian businessman and entrepreneur Richard Nii Armah Quaye has announced the launch of The Scale Up Fund, a landmark GHS 300 million investment initiative aimed at empowering local businesses that are already operational but need financial and strategic support to expand.

The Scale Up Fund is specifically tailored for small and medium-sized enterprises (SMEs) that have demonstrated viability and growth potential but lack access to the capital and resources required to scale their operations. With Ghana’s economy heavily reliant on the contributions of SMEs, this fund comes as a timely intervention to energize the private sector and stimulate job creation across the country.

According to Mr. Quaye, the fund is not just a financial boost, but a commitment to building the capacity of Ghanaian entrepreneurs. “There are so many businesses in Ghana that are doing well but need the right support to move to the next level. The Scale Up Fund is here to bridge that gap,” he said.

The initiative is expected to offer a combination of equity financing, business development support, and mentorship opportunities to selected enterprises across various sectors including agriculture, manufacturing, technology, health, and services.

Mr. Quaye, who is also the founder of Quick Angels Limited, has long been a champion for entrepreneurship in Ghana, backing several startups and growth-stage companies through angel investment and advisory services. With The Scale Up Fund, he aims to deepen his impact by supporting companies that are ready to take their business to the next stage.

Applications for the fund are expected to open soon, with a rigorous selection process focused on identifying businesses that are not only profitable but also scalable and impactful.

As Ghana continues to position itself as a hub for African entrepreneurship, initiatives like The Scale Up Fund serve as crucial pillars in building a resilient and inclusive economy—one business at a time.