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Piper Pretty Company Limited – a Ghanaian-owned Integrated Piggery Agribusiness and Impact Capital Advisors (ICA) have unveiled a groundbreaking state-of-the-art pork processing factory established at Barekese in the Ashanti Region of Ghana.
The project which was finance by the Industrial Support Fund Ghana Venture Capital Ltd, which managed by the Impact Capital Advisors marks a significant stride in Ghana’s agricultural sector, particularly within the piggery value chain, aimed at creating jobs, improving the livelihoods of pig farmers, piggery value chain actors, enhancing food security, and driving sustainable growth within the region and in Ghana.
Speaking at the event, Mr. Zac Bentum, the Board Chairman of Impact Capital Advisors, emphasized the importance of innovative finance and alternative investment vehicles for SMEs in Ghana, as traditional financing methods often fail to meet the needs of growing enterprises, particularly in sectors like agriculture, which face unique challenges and risks.
He said, venture capital financing, impact investing, and blended finance solutions like those offered by ISF-GVC provide a lifeline for SMEs to access appropriate capital while fostering accountability, sustainability, and growth.
He expressed excitement about the project as it exemplifies the power of innovative finance in bringing together private capital, expertise, and a shared vision for economic transformation, and extended an invitation to private equity and venture capital investors, especially local pension funds to join ICA in driving meaningful change through strategic and catalytic investments.
He also expressed appreciation to the Venture Capital Trust Fund of Ghana (VCTF) for being the anchor investor of ISF-GVC, thus making it possible for the fund to provide appropriate capital to SMEs such as Piper Pretty.
Commenting on the project, Mr. Isaac Owusu Asubonteng, CEO of Piper Pretty Company Ltd., stated that the ultra-modern meat processing facility with the capacity to process and package up to 35,000 pigs annually for commercial purposes will add value to the entire chain by providing an available and sustainable market for pig farmers, piggery input suppliers and well-processed finished products for consumers.
So far, the project has mobilized and trained over 700 farmers and their employees.
These capacity-building activities encompassed animal welfare, good animal husbandry practices, biosecurity, and educating farmers on the importance of social protection schemes, including pensions and insurance.
About the Industrial Support Fund Ghana Venture Capital Limited (ISF-GVC)
ISF -GVC is a GHS 120 million close-ended venture capital fund with the Venture Capital Trust Fund (VCTF) as the anchor Investor and domiciled in Ghana.
ISF-GVC was established to provide financial support and foster the growth of small and medium enterprises (SMEs) in Ghana.
ISF focuses its investments on agribusiness / agro-processing and light manufacturing sectors, key drivers of economic development and job creation.
The fund aims to bridge the financing gap for SMEs, enabling them to scale operations, enhance productivity, and contribute to sustainable industrialization in the country.
Through targeted investments, ISF-GVC seeks to empower businesses that align with Ghana’s industrialization and economic diversification goals.
source: citinewsroom.com
