The Ghanaian economy is well positioned to accelerate growth, with several key factors likely to encourage expansion in the coming years.
The Ghanaian economy is well positioned to accelerate growth, with several key factors likely to encourage expansion in the coming years.
In spite of a broader slowdown in the economy, Ghana’s ICT sector has seen high double-digit growth over the past 12 months, supported by new infrastructure and value-added mobile services.
From a near-standing start, Ghana’s ICT sector has developed strongly since the beginning of the century, with internet take-up among citizens and businesses growing, international broadband connectivity expanding rapidly, and private sector investment on the rise.
Across the continent, there is a trend towards sharing and outsourcing network infrastructure, which is capital intensive to build and costly to maintain. Ghana has been a leader in this movement, with major deals struck between mobile operators and infrastructure operators over the past five years.
Ghana is a leader in African telecoms market liberalisation, has a relatively high level of mobile penetration and is a regional centre for submarine cables. However, this has not necessarily been reflected by the use of ICT in the day-to-day lives of Ghanaians or in ordinary businesses. For Daniel Glover, general manager of Tecno, the issue...
Mobile money is a growing segment in Ghana, having been launched in 2009, later than in some African countries. Transactions worth a total of GHC11.6bn ($3.22bn) were made in 2014, up from GHC2.4bn ($666m) in 2013, according to Bank of Ghana (BoG) statistics. The number of transactions soared from 36.8m in 2013 to 106.4m in 2014, while the...
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