Russia’s invasion of Ukraine in February 2022 caused disruptions across the global economy, from food to energy, and prompted an increase in the number and sophistication of cyberattacks – exacerbating a similar impact from the Covid-19 pandemic. According to a poll of over 800 chief audit executives conducted by the UK-based Chartered Institute of Internal Auditors, 77% of respondents thought…
Interview:Sylva Vortia, CEO, Axon Information Systems To what extent has the growth of the ICT sector accelerated economic development? SYLVA VORTIA: One of the most important factors that has propelled the expansion of Ghana’s ICT sector is the government’s commitment to digitalisation. This national effort aligns with global post-Covid-19 pandemic recovery efforts. In the software development…
Internet penetration in Ghana has increased due to the ubiquity of mobile devices and the expansion of 4G coverage. The Western Corridor Fibre-optic Backbone project and other government initiatives have been instrumental in bridging the digital gap and enhancing connectivity. These efforts resulted in the digital transformation of numerous industries, including government, finance and agriculture,…
Ghana’s ICT sector remains a significant contributor to overall economic development. Valued at around $1bn in 2022, the sector has maintained its growth and is expected to expand to $5bn by 2030, despite the fiscal constraints and currency depreciation being experienced by the broader economy. With government support, a dynamic start-up ecosystem and growing digital infrastructure, Ghana is well…
This sector remains a major contributor to Ghana’s economic development, with its value expected to grow from $1bn in 2022 to $5bn by 2030 despite the fiscal constraints and currency depreciation being experienced by the broader economy. ICT-focused businesses are set to further benefit from government support initiatives, a dynamic start-up ecosystem and improvements to the country’s digital infrastructure,…
Despite the impact of the Covid-19 pandemic and other external shocks, Ghana’s GDP growth is expected to moderate in 2024 and 2025 thanks to the proactive measures undertaken by the government. One example of such initiatives is the Domestic Debt Exchange Programme, which has helped stabilise the local economy and provide greater fiscal stability. In 2023 the country was the continent’s leadin
Interview:Selorm Adadevoh To what extent has the Covid-19 pandemic affected Ghana’s telecoms sector? SELORM ADADEVOH: The Covid-19 pandemic forced telecoms providers to fundamentally change the way we operate to minimise the adverse impact on both our consumers and our employees. Personal protective equipment was provided at customer interaction points, namely physical stores throughout the…
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 development plans. Structure & Oversight The ICT…
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. Policy The government has played a leading role in driving digitalisation,…
Ghana is the first African country to achieve independence from British colonial rule, and is widely known for its natural resources such as cocoa, as well as its inland water sources. Several measures have been taken to balance government revenue and spending, and the country remains a safe haven for foreign direct investment, which stood at $830m in the first half of 2021. The most recent genera
