RNAQ Holdings and Quick Angels Limited have launched GH¢300 million Scale-Up Fund, a groundbreaking initiative aimed at supporting Ghanaian-owned small and medium enterprises (SMEs) to expand sustainably and compete globally.
The launch event, which took place at the University of Professional Studies, Accra (UPSA) Auditorium on Wednesday, October 29, 2025, was themed “Scaling Dreams, Building Structures.”
It brought together entrepreneurs, investors, corporate leaders, and government representatives to celebrate what many described as a turning point in Ghana’s entrepreneurial financing landscape.
Delivering the keynote address, President of RNAQ Holdings, Richard Nii Armah Quaye, said the new fund marks the next chapter of Ghana’s business growth story, one built on discipline, structure, and shared ownership.
“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,” he said.
“Starting a business is one journey, scaling it is another. And that’s where too many entrepreneurs fall short.”
Mr. Quaye urged business owners to embrace equity partnerships and long-term financing models, explaining that shared ownership and collaboration are the hallmarks of enduring success.
He cited global examples such as Elon Musk and Jeff Bezos, noting that owning “1% of greatness is better than 100% of nothing.”
He added that the Scale-Up Fund is not designed for startups seeking handouts, but for entrepreneurs who have already demonstrated growth potential and are ready to formalise, scale, and sustain their businesses.
On his part, Quick Angels CEO, Emmanuel Lamptey, described the initiative as a bridge “between potential and prosperity,” stating that Quick Angels’ track record with brands such as Pizzaman-Chickenman, Lynx Entertainment, Sankofa Natural Spices, and Pinkberry Ghana has proven that belief, structure, and discipline can turn local dreams into regional enterprises.
He revealed that the Scale-Up Fund has already attracted over 300 Ghanaian-owned enterprises across agriculture, manufacturing, technology, fashion, and renewable energy sectors, collectively requesting more than GH¢1.3 billion in growth capital.
About 40 per cent of the applicants, he added, are female-led businesses, reinforcing the initiative’s gender-inclusive focus.
“These are not just investments, they are proof that when belief meets structure, Ghanaian businesses can scale sustainably and proudly,” Mr. Lamptey said.
The Scale-Up Fund aims to provide patient equity, mentorship, and governance support to ensure that funded businesses not only grow but also endure.
Mr. Lamptey further called on investors and policymakers to create an environment that supports institutional systems rather than isolated success stories.
“Ghana’s economic story will not be written by speeches or promises,” he said. “It will be written by the partnerships we form, the ideas we back, and the businesses we build.”
