Growth Investment Partners Secures $20M from Norfund and Axis Pension Trust
Analysis based on 9 articles · First reported Apr 08, 2026 · Last updated Apr 09, 2026
The additional $20 million investment in Growth Investment Partners is expected to significantly boost Ghana's private sector by providing much-needed long-term, local currency capital to small and medium-sized enterprises. This will likely lead to increased job creation and economic activity, positively impacting the broader Ghanaian economy and potentially attracting further domestic and international investment into similar vehicles.
Growth Investment Partners (GIP), an investment platform established by British International Investment (BII), has secured an additional $20 million in funding from new investors Norfund and Axis Pension Trust. This capital injection, comprising $15 million from Norfund and $5 million from Axis Pension Trust, strengthens GIP's capital base to approximately $70 million. The funding aims to expand GIP's support for small and medium-sized enterprises (SMEs) in Ghana by providing flexible, long-term, local currency financing and operational support. Since its launch in 2023, GIP has deployed over $40 million into 16 Ghanaian companies across sectors like manufacturing, agriculture, financial services, and healthcare, supporting over 3,356 jobs and creating 533 new roles. The new investment reflects growing confidence in GIP's model, which bridges the financing gap between traditional bank lending and private equity, and is expected to further drive job creation and economic development in Ghana.
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