IIGh is a company limited by guarantee registered with the registrar general department. The company works with organisational leaders in their respective fields (including Government, Social Impact Ventures, Corporations, Finance, Development, Philanthropy, Asset Management Owners, Faith Based Organisations to promote impact investing in Ghana.
About Impact Investing Ghana (IIGh)
Functions of IIGh
- Create awareness and engagement about impact investment and its potential
- Nominate and appoint the National Advisory Board (NAB) according to its constitution
- Establish working groups to identify key gaps and associated actions to drive impact investment
- To significantly increase the inflow of impact investment
- Develop a framework to measure and report on impact investment and its outcomes
Following the 2018 Ghana SDG Dialogue in December 2018, on the back of Ghana SDGs Investment Fair, a group of private sector ecosystem players were invited to set up a Taskforce to establish a National Advisory Board for Impact Investment to catalyse impact investment for Development.
IIGh Founding Members comprises key actors from the investment and entrepreneurship ecosystem in Ghana led by Hamdiya Ismaila (Venture Capital Trust Fund), Samuel Yeboah and Enyonam Kakane (Mirepa Capital), Nelson Amo (Innohub), Amma Lartey (Reach for Change), Gifty Volimkarime (Youth Challenge International), Anna Samake (MBC Africa), Oludele Sonekan (Growth Mosaic), Hilde Opoku (Ministry of Finance/ SDG Special Advisor) and Amma Gyampo (AmDeCo)
The taskforce’s mandate was to establish a National Advisory Board for Impact Investing in Ghana with a six (6) month timeline. The result was the launch of Impact Investing Ghana on 18th June, 2019.
Roles and Objectives
The purpose of the IIGh is to bring together actors from across sectors committed to developing impact investing, to develop a clear and dynamic understanding of the Ghana ecosystem, to work to remove obstacles to develop the impact investing ecosystem/market in Ghana, and to develop opportunities for impact investment in and from Ghana and across the west Africa region.
The Gh-NAB works with other actors from across sectors to identify priorities, raise awareness and advocate for the development of the ecosystem and take other appropriate steps to drive growth in impact investment. The GH-NAB must be catalytic in its approach towards building a viable impact investing ecosystem in Ghana.
The key functions of the GH-NAB are to:
- Focus on high impact activities that is additive to the market as a whole.
- To provide governance and direction to IIGH.
- Create awareness and engagement on the international stage about impact investment opportunities in Ghana.
- Leverage their networks to attract investment into the impact investment ecosystem
Remove barriers to impact investing.
- Inform and influence policy directions and support Governments and policy makers to expand the policy toolbox for greater leverage and impact.
- Drive the vision and strategy for developing the market for impact investment in Ghana, which is linked with the global market development role of the GSG.
- Keep oversight of strategic initiatives including identifying key implementation gaps, and ensuring outputs are appropriately challenged.
- Build engagement across the market with key stakeholders including major foundations, private sector investors, financial institutions, business, community, Academia,government and international organisations.
IIGh is a membership organization comprising all ecosystem players. The organization is currently governed by a nine(9) member board.