The National Advisory Board (NAB) on Impact Investing Ghana (IIGh) has successfully held an information session to mark the launch of the organisation in Accra to explore the concept of impact investment under the theme, \u2018Leveraging Private Capital to Close the SDG Funding Gap for a Prosperous Ghana\u2019.<\/p>\n
The launch was attended by leaders from a cross-section of organisations including The British High Commission, Norwegian Embassy, UNDP, KOSMOS Energy, Ghana Commodity Exchange, Barclays Bank, Office of the President\u00a0and\u00a0Ministry of Finance (SDG Advisory).<\/p>\n
\u201cWe are here to facilitate, convene and advocate for government, philanthropists, corporations, development agencies & banks to try new models of development financing. Because of the sheer scale of the problems we face, we need strong sponsors, partners and members to join us and collaborate on this exciting journey. It\u2019s the only way we can get things done in terms of our development,\u201d said Hamdiya Ismaila,\u00a0the IIGh Taskforce Chair in her opening remarks.<\/p>\n
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IIGh has also been working through the membership process of the GSG (Global Steering Group for Impact Investing), the independent global group catalyzing impact investment and entrepreneurship as a critical step to signi\ufb01cantly increase the in\ufb02ow of investments that solve social-environmental issues at scale.<\/p>\n
The Keynote speech was presented bySir Harvey McGrath,\u00a0Chair, Big Society Capital and the UK National Advisory Board On Impact Investing who had spent the day with the IIGh Taskforce Members and NAB to share learnings from the UK NAB\u2019s experiences including setting up appropriate structures and a regulatory and investment climate to tap into the multi-trillion dollar global impact assets available for development projects and social enterprises.<\/p>\n
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\u201cThe government is deeply committed to achieving the SDGs and driving change at scale to deal with challenges like climate change. Since we started last year, we have made huge strides in this initial stage of starting to put Ghana on the map for Impact. Once IIGh formally joins the global impact investment society and completes this foundational stage, we as government can support the work of Impact Investing Ghana by creating a regulatory environment for Impact Investment to thrive,\u201d said Ghana\u2019s Minister of Finance, <\/strong>Ken Ofori Atta\u00a0also the Interim Chair of IIGh.<\/p>\n<\/blockquote>\n
IIGh National Advisory Board includes high profile business leaders such as Tralance Addy (YARO Capital), Angela Kyerematen-Jimoh (IBM), Alex Asiedu (Stanbic Investment Management), Constance Swaniker (Accents & Arts), Alex Bram (Hubtel)who will work with other global leaders in 21 GSG member countries including the UK, USA, Canada, Israel and Korea to signi\ufb01cantly increase the inflow of investments that have social or environmental impact.<\/p>\nAmma Gyampo (IIGH, Partnerships Lead\/Lady Angel Network).<\/figcaption><\/figure>\n
The IIGh Taskforce comprises key actors from the investment and entrepreneurship ecosystem in Ghana led byHamdiya Ismaila(VCTF\/Savanna Institute) and founding members are Samuel Yeboah and\u00a0Enyonam Kakane\u00a0(Mirepa Capital),Nelson Amo\u00a0(Innohub),Amma Lartey\u00a0(Reach for Change\/Social Enterprise Ghana),Gifty Volimkarime(EQWIP Hubs),Anna Samake\u00a0(MBC Africa),Oludele Sonekan\u00a0(Growth Mosaic),\u00a0Hilde Opoku\u00a0(Ministry of Finance\/ SDG Special Advisor) and\u00a0\u00a0Amma Gyampo (<\/strong>AmDeCo\/Lady Angel Network) who closed the program with these remarks;<\/p>\n
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\u201cThere is a global paradigm shift towards balancing risk, return and impact in the allocation of capital. Impact investment provides an opportunity for both the private and public sector. Our job is to transform the narrative around Development and Philanthropy, inform more potential partners about the exciting new ways that Impact Investing can help us address the immense challenges we face and work with asset managers to understand that Profit and Purpose are not necessarily mutually exclusive.\u201d<\/p>\n<\/blockquote>\n
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