Business
Fearless Fund expands to Africa…launches Microfinance Fund in Ghana
fearless fund, the world’s first venture capital firm built by women of colour for women of colour, and a global leader in economic inclusion, has announced its official expansion into africa with the launch of the Fearless Microfinance Fund in ghana.
this launch marks a significant step in advancing Fearless Fund’s mission to close the global wealth gap by improving access to capital for under-resourced women entrepreneurs.
the fund is structured to bridge this gap through microfinance loans ranging from GH¢10,000 to GH¢30,000, targeted at underserved women-owned businesses, while systematically measuring social impact across job creation, geographic reach, digital inclusion, and support for first-time borrowers.
“expanding our mission to africa has always been central to closing the global wealth gap,” her majesty queen wa arian simone, chief executive officer and founding partner of Fearless Fund said in a statement issued by the company in accra on friday. “africa represents the world’s most dynamic economic frontier. our presence in ghana is about ensuring women entrepreneurs across the country have access to the capital they need to build, scale, and sustain successful businesses. fearless fund is a beacon of what’s possible when women of colour lead with vision and power,” she said.
ghana represents a critical entry point for Fearless Fund’s african expansion. while the country ranks first globally with 46.4 per cent of businesses owned by women, women-led enterprises continue to earn an average of 34 per cent less profit than male-owned firms due to persistent financial, social, and structural barriers.
globally, Fearless Fund has delivered measurable impact, having raised multiple eight-figure venture capital funds with average cheque sizes ranging from $500,000 to $2 million, secured a historic $240 million debt facility to expand access to capital for under-resourced entrepreneurs, and awarded more than $5 million in non-dilutive grants to women of colour founders/entrepreneurs across the united states and globally.
its get venture ready (GVR) programme has equipped over 1,000 women with investor-readiness training, mentorship, and tools to scale sustainable businesses.
fearless fund is backed by leading global institutions, including bank of america, jpmorgan chase, paypal, costco, and mastercard, and its work has been recognised by major international media outlets such as CNN, Bloomberg, the wall street journal, and Forbes.
“beyond the united states, Fearless Fund has established a growing global footprint, deploying millions of dollars into startups across africa, australia, and canada, awarding grants through ecosystem partners in countries including côte d’ivoire, ghana, and botswana, and educating over 200,000 entrepreneurs through its partnership with Trace Academia Africa,” the statement said.
the launch of the Fearless Microfinance Fund will be supported by a series of engagement and activation initiatives to empower women entrepreneurs and strengthen ghana’s entrepreneurial ecosystem.
“to be the first to receive updates on the Fearless Microfinance Fund in ghana, upcoming initiatives, and opportunities for women entrepreneurs, follow Fearless Fund on instagram, facebook, and linkedin,” the statement said.
By Times Reporter
The Accra Metropolitan Assembly (AMA) has announced plans to step up enforcement and monitoring activities as part of the second edition of the National Sanitation Day, which will take place on Saturday, November 1, 2025, across the Accra metropolis.
According to the Assembly, the exercise aims to promote cleanliness, improve sanitation, and ensure full public participation in the national campaign to make Accra cleaner and healthier.
To achieve this, the AMA will deploy 21 Public Health Officers, 200 members of the AMA Sanitation Taskforce, and 81 labourers, including sweepers and janitors, across all sub-metropolitan areas.
The operation will also be supported by heavy-duty equipment such as compactor trucks, backhoe loaders, excavators, tipper trucks, and pay loaders to help desilt drains, clear refuse, and transport waste.
The AMA stated that, in line with the President’s directive and the Accra Metropolitan Assembly (Communal Labour) Bye-Laws, 2017, all shops, markets, and business premises are to remain closed from 6:00 a.m. until the exercise is completed to allow for full public participation.
The clean-up activities will focus on desilting drains, sweeping streets, brushing road kerbs, and removing unauthorized banners.
Key areas expected to see intensified work include the Ashiedu Keteke Sub-Metro, which covers John Evans Atta Mills High Street, Asafoatse Nettey Road, and Agbogbloshie; the Ablekuma South Sub-Metro, which will focus on Chorkor (from Galilee to Lante Maami through Chemuenaa) and the Guggisberg Road to Korle Bu stretch; and the Okaikoi South Sub-Metro, which will include the Kwame Nkrumah Interchange and the Police Depot area (from Alajo Junction to Abeka Junction).
The AMA reminded the public that anyone who fails to comply with the sanitation directive or refuses to participate in the communal labour commits an offence.
Offenders may face a fine of up to 100 penalty units, imprisonment of between 30 and 180 days, or both. Continuing offenders will face additional daily penalties.
The Assembly is therefore, urging all residents, traders, transport operators, and businesses to actively take part in the clean-up exercise, stressing that maintaining a clean city is a shared responsibility.
It added that the goal of the exercise is to make Accra a cleaner, safer, and more sustainable city for everyone.
By: Jacob Aggrey
Minister of Finance, Dr. Cassiel Ato Forson, has described the Ghana cedi as a proud symbol of the country’s identity and sovereignty as the nation marks 60 years since the currency was first introduced.
Speaking at the Cedi@60 celebration held today, October 28, 2025, at the Accra International Conference Centre, Dr. Forson noted that the currency represents more than just a means of exchange.
He mentioned that it is part of Ghana’s national pride and economic journey.
“It is my distinct honor to join you today as we mark 60 years of the Ghana cedi. The Ghana cedi represents the pride of our nation and our heritage,” he stated.
Dr. Forson explained that since its introduction in 1965, the cedi has played a vital role in trade and daily transactions, connecting people and supporting economic activity.
“For 60 years, through inflation, devaluation, re-denomination, and recovery, the cedi has remained resilient. It continues to stand as a symbol of our national sovereignty and remains the only legal tender of our republic,” he stressed.
He highlighted the endurance of the cedi through Ghana’s economic challenges and political transitions, noting that its continued existence reflects the resilience and determination of the Ghanaian people.
The event, themed “Cedi@60 – Our Money, Our Pride,” marks six decades since the introduction of the Ghana cedi, which replaced the British pound during the First Republic under President Dr. Kwame Nkrumah.
By: Jacob Aggrey
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