Since assuming power in January 2017 the administration of President Nana Akufo-Addo has moved to rein in fiscal spending, industrialise rural regions and improve the business environment in order to jump-start economic growth. The government has brought down the fiscal deficit and freed up capital spending for priority projects, and Ghana’s economic prospects appear strong for 2018.
With mobile internet growing strongly and the government committed to extensive ICT development, Ghana’s IT sector is gaining momentum. Demand for tech services and products is rising from private and public sector bodies, as well as individuals, and the rollout of new in-country cable networks and nascent 4G is boosting connectivity. These factors, as well as Ghana’s competitive advantages as...
The Ghanaian economy is well positioned to accelerate growth, with several key factors likely to encourage expansion in the coming years.
Dynamic and competitive, Ghana’s telecoms sector is one of the brightest spots in an economy that has had a bumpy ride over the past two years. Demand for mobile services in particular is resilient and rising. As of June 2015, Ghana had a total of 32.36m mobile subscribers, indicating theoretical market penetration of 119.41%. The market is appealing, as evidenced by the strong international...
Situated on the Gulf of Guinea in West Africa, Ghana’s natural resource wealth and status as a stable democracy have helped make it a prominent player in the region. It is the world’s second-largest exporter of cocoa, behind Côte d’Ivoire, and one of the continent’s largest gold producers. Recently discovered reserves of oil and gas have powered the economy to double-digit growth in the past decade.
Ghana’s telecommunications industry is mostly driven by activity in the mobile segment. But the business also has a high level of competition that benefits from a liberalised market regime and a robust regulatory framework. The sector is crowded, with six operators in the lower to-middle-income country of 25m people, but this has not stopped operators from rolling out new infrastructure and...
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