Although it does not have the market size and reputation of some of its regional peers, Ghana offers a stable environment for innovation and the development of IT products and applications in Africa, thanks in part to a welcoming regulatory framework and rapid uptake of data services.
Change is on the horizon for the Ghanaian telecoms industry. Consolidation in a fragmented market could improve the competitive environment and help strengthen operator margins. It could also provide a boost to a sector which, like many in sub-Saharan Africa, is looking beyond the saturated voice market to raising data penetration and usage...
While Ghana fares relatively well in terms of basic telecoms indicators, private operators and public bodies are working to improve and expand coverage. However, the challenges involved in rolling out infrastructure for mobile networks are considerable, and range from difficulties in obtaining planning rights to high maintenance costs.
While Ghana’s IT sector is growing rapidly, and the government is emphasising its importance to the future health of the economy, it currently suffers from a shortage of qualified labour. As such, the government and the private sector are turning their attention to human resources development.
The push for financial inclusion is continuing apace in Ghana with plans for the implementation of mobile money interoperability. Financial inclusion has been growing healthily in the country, thanks largely to the success of its mobile money system. In 2011 just 29% of the population was banked. By 2014 the figure had reached 41%, according...
Stay updated on how some of the world’s most promising markets are being affected by the Covid-19 pandemic, and what actions governments and private businesses are taking to mitigate challenges and ensure their long-term growth story continues.
Register now and also receive a complimentary 2-month licence to the OBG Research Terminal.
Register Here×