Operate credibly and independently to promote the development of impact investing in Ghana through public education and continuous research into major social and environmental challenges, policy advocacy and impact measurement of various initiatives to address social and environmental challenges
Impact Investing is defined as “Investments intended to create positive impact beyond financial return”. Though the term “Impact Investing” is relatively new compared with the purpose for which the practice is intended to achieve. Several instances may be cited where both the private and public sector have come together to achieve impact beyond financial gain. In the past, charities, through institutions such as foundations and NGOs have been focused on addressing social and environmental challenges. However, funds available from these sources including Government are woefully inadequate to meet the funding requirements of social and environmental challenges. It is this situation and the potential for social enterprises to meet the financial return objectives of commercial investors that has resulted in the emergence of impact investing as an asset class.
On the 28th of August, The Venture Capital Trust Fund (VCTF) and Ghana Institute of Management and Public Administration (GIMPA) officially launched the Centre for Impact Investing after signing a Memorandum of Understanding on May 8th 2013. The partnership was to establish a collaborative framework for the promotion of impact investing as a means of developing a business community of social enterprises to deal with the social and environmental challenges confronting the country.
GCII as non-profit organization seeks to provide advocacy, research and support services in the area of impact investing in Ghana. It is the only such organization of its kind in West Africa. The Centre is managed by highly proficient and skilled personnel committed to developing impact investment within the country. As a completely new concept in the Ghanaian business and financial landscape, impact investing is to be championed by GCII in the country and its immediate environs. It also seeks to collaborate and work with other sister institutions, be they private or public, to develop and expand impact investment activities within the country. The centre has a clear vision of providing a “vibrant impact investing environment in Ghana’’
The centre since its establishment had both technical and financial support from various organizations in creating the awareness of impact investing in Ghana. Notable among them are Global Impact Investing Network (GIIN), The Rockefeller Foundation, Tony Olumelu Foundation, Venture Capital Trust Fund, Ghana (VCTF), Ghana Institute of Management and Public Administration (GIMPA).
We are also seeking possible collaboration. We wish to invite all individuals and institutions interested in doing anything on or relating to impact investing to contact the centre for possible collaborations.
The vision is to achieve a “vibrant impact investing environment in Ghana’’
Operate credibly and independently to promote the development of impact investing in Ghana through public education and continuous research into major social and environmental challenges, policy advocacy and impact measurement of various initiatives to address social and environmental challenges.
GCII?s main objectives are to:
Purpose of the Centre
GCII was established to promote impact investing in Ghana. GCII’s activities shall be targeted at introducing policy makers and the private sector to impact investing. GCII shall seek to position impact investing as a practicable means to resolving Ghana’s social and environmental challenges in line with identified impact areas. To achieve this, GCII shall perform the following: