Ghana ICT

Chapter | ICT from The Report: Ghana 2022

Ghana’s ICT sector has proven to be one of the country’s fastest-growing industries in recent years, with key market players offering more innovative products as data traffic surged amid the Covid-19 pandemic in 2020. Indeed, the sector had increased its contribution to GDP from $900m, or 2.3% of the total, in 2014, to $1.7bn and 3.6%, respectively, in 2017. The expansion of telecoms services...

As Africa’s largest gold miner and the world’s second-largest cocoa producer, Ghana has witnessed steady growth in recent years. While the country was impacted by the Covid-19 pandemic, it navigated the crisis better than many of its income-level peers, in large part thanks to measures aimed at boosting public revenue. Ghana aims to improve its fiscal deficit in 2022 to 7.4% of GDP.

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Ghana has taken significant steps to digitise public services and support the shift to online platforms for business and commerce. The rollout of these initiatives, coupled with increased mobile and data penetration, put the economy in a stronger position to navigate the Covid-19 pandemic as many activities migrated online.

 

Ghana’s ICT sector has proven to be one of the country’s fastest-growing industries in recent years, with key market players offering more innovative products as data traffic surged amid the Covid-19 pandemic in 2020. Looking ahead, policy efforts are likely to bolster growth due to the strategic importance of ICT in digital and industrial...

 

To what extent has the Covid-19 pandemic affected Ghana’s telecoms sector?

As Africa’s largest gold miner and the world’s second-largest cocoa producer, Ghana has witnessed steady growth in recent years. While the country was impacted by the Covid-19 pandemic, it navigated the crisis better than many of its income-level peers, in large part thanks to measures aimed at boosting public revenue. Ghana aims to improve its fiscal deficit in 2022 to 7.4% of GDP.

With a large youth population and growing network penetration, Africa has demonstrated its ability to innovate and technologically leapfrog mature markets.

 

Ghana has the second-highest data penetration rate in sub-Saharan Africa, the fastest-growing mobile money market on the continent and a burgeoning tech start-up scene. ICT therefore represents one of the most dynamic areas of its economy. Recognising the sector’s potential, the government has stepped up efforts to stimulate market activity...

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