This Week in StartupGhana #65: Fidelity’s Green Fund + GHS 1 Billion Milestone

Hello Innovators

Welcome to Issue #65 of This Week in StartupGhana newsletter, our weekly recap of the big news + funding in Ghana’s startup ecosystem. Here’s a look at the bold moves shaping the ecosystem this week.

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Deep Dive: Fidelity Bank’s Green Fund

This week marks a definitive turning point for climate-smart infrastructure in Ghana. Fidelity Bank has launched its Green Lending Fund, a dedicated concessionary financing facility designed exclusively to back climate-smart businesses.

While “climate tech” in the region has historically relied on grant-funded pilot projects and slow-moving developmental aid, Fidelity’s move shifts the narrative squarely into commercial viability.

The Breakdown of the Fund:

• The Ticket Size: The facility offers tailored financing ranging from GHS 50,000 to GHS 10 million, with a maximum tenor of five years.
• The Pricing: Crucially, the fund is concessionary—priced at the Ghana Reference Rate minus up to 5% per annum. This active de-risking makes patient capital significantly more accessible for green entrepreneurs.
• The Target: It is open to green startups with at least one year of consistent cash flow, as well as established SMEs and corporates.
• The Sectors: Capital is earmarked for hard infrastructure: renewable energy (solar, biogas), sustainable agriculture, water management, waste recycling, and clean transportation.

Venture Capital, Funding & Milestones

Rainforest Builder lock in Series A for 24,000-hectare restoration project in Ghana.

Rainforest Builder, a fully integrated tropical forest restoration company operating in West Africa has closed a Series A financing round with a landmark combined project and equity investment. The round led by BNP Paribas Asset Management Alts (BNPP AM Alts) includes commitment to finance a 24,000-hectare forest restoration project in Eastern Ghana.

The project will restore the Asuokoko and Chai river forest reserves, and ultimately plans to restore at least 70,000 hectares in the Oti and Volta regions which is expected to generate more than seven million high-quality carbon removal credits.

Wealth management platform, Achieve hits GHS1 billion in processed transactions

Achieve hits a monumental milestone, crossing GHS 1 billion in contributions processed. The wealth management platform’s hyper-growth validates the rising local demand for retail investment products and digital-first asset management among the Ghanaian middle class.

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Policy & Regulation

SEC Ghana admits 11 companies into its sandbox for virtual assets.

The Securities and Exchange Commission has admitted Africoin, Blu Penguin, Goldbod, Hanypay, Hyro Exchange, HSB Global, Koinkoin, Whitebits, Vaulta, Xchain, and Bsystem into its regulatory sandbox to test their products and services in a 12‑month pilot programme.

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Accelerator, Incubator & Ecosystem Moves

Castor Care, the commodities trading and aggregation paltform has been selected for MIT’s Kuo Sharper Center Growth Stage Program. Participating startups will gain MIT-backed mentorship, scaling playbooks, investor readiness, and access to a high-quality pan-African founder network to accelerate their growth journey.

AkoFresh and Medpharma have been accepted into the Praxis Africa Accelerator. Through the prograsm, startups receive a 9-month mentorship-driven accelerator experience, $50K in catalytic capital, and leadership development to scale high-impact, mission-driven ventures.

Carepoint has been selected for the Fund for African Private Sector Assistance program. Funded by the African Development Bank, sponsored by African Union Development Agency-NEPAD, and co-implemented by Villgro Africa and Briter, the program will provide post-acceleration support to African-based innovators developing solutions that are transforming healthcare across the continent.

GBHub Africa has launched the Africa Food Systems Innovation Challenge to tackle structural challenges across the continent’s food value chain. Targeting early-stage innovators in Ghana, Nigeria, Senegal, Algeria, and Guinea, the initiative will invest €20,000 in pre-seed funding. Beyond financial support, selected founders will undergo structured business development and operational training under the GBHub Africa Business Academy to prepare their teams for sustainable scale.

 That’s all for this week.  Want to feature your startup, funding round, or product launch? Subscribe  and email us at info@theinnovationspark.com