How Ghana Plans To Finance The Sustainable Development Goals
By Meghan McCormick
“Macro indicators show good performance, but below the surface, there are economic and social issues that threaten the cohesion of Ghanaian society.” With these words of both optimism and caution, Hamdiya Ismailia, the General Manager of the Venture Capital Trust Fund and Chair of Impact Investing Ghana (IIGh) debuted IIGh to a room full of stakeholders in Ecobank Ghana’s brand-new auditorium.
Impact Investing itself lives in a world of contradictions trying to resolve themselves. “Impact investing is not philanthropy. We have moved past that,” said Ismailia. This is the central tension in impact investing. You invest to create social and environmental impact, but you also expect returns. It is an industry that is not just trying to prove that you can have your cake and eat it too, but that if you don’t, eventually there will be no cake left for anyone.
Photo courtesy of GotCredit.