The government of Ghana has been steadily developing the country’s tourism sector in an effort to make it the main foreign exchange earner for the country and improve the livelihoods of rural populations. The introduction of the 15-year National Tourism Development Plan 2013-27 and the expansion of responsibilities for the Ghana Tourism Authority (GTA) in 2011 have supported diversification in the…
Following a surge in uptake during the Covid-19 pandemic, the telehealth industry is courting investment to further innovation and increase access to care in emerging markets. Digital health companies raised a record $57.2bn in global venture capital funding in 2021, a 79% jump from the $32bn raised in 2020, with 30% of the total directed towards telehealth. However, this figure dropped to $25.9bn…
Tax administrations around the world are engaged in building innovative digital solutions to meet 21st century challenges, and Ghana is no exception. The Ghana Revenue Authority (GRA) is making strides in technological infrastructure innovation with its gradual introduction of digital services. Accordingly, the GRA has deployed three new systems: a taxpayer portal, a portal for electronic invoicing…
Recognising the benefit of financial inclusion to economic growth, Ghana is digitalising its economy to enhance security for business transactions. In recent years legislation has been passed that aims to improve the investment climate, align the country with international norms and attract increased foreign investment. As of September 2023 mobile money transactions in Ghana reached GHS1.9trn ($172.5bn). New…
The government has been actively promoting and facilitating private sector participation in infrastructure delivery, crucial for economic growth and development through revenue generation, affordable housing and employment. The private sector has been providing expertise, innovation and efficiency, greatly enhancing the speed and quality of infrastructure projects within Ghana. Therefore, partnerships…
Ports play a vital role in the global economy, operating as nodes for international trade and economic development. Ghana has an extensive coastline on the Gulf of Guinea and is a strategic centre of import and export for multiple landlocked neighbours to the north. As such, the country’s port infrastructure forms a significant part of its own and the broader region’s trade and commerce. Underscoring…
With electric vehicles (EVs) set to become more accessible to drivers around the world – and solid growth trends attracting public and private investment – several emerging markets are looking to expand their EV manufacturing capacity. EV uptake is essential to the global energy transition, as transport remains the industry with the highest reliance on fossil fuels, producing more than a third…
With fossil fuels still powering roughly 99% of global shipping, the sector is seeking to reduce emissions through cleaner fuel sources – including methanol, ammonia and wind – that could soon see increased use. Increased Investment In August 2022 Breakthrough Energy Ventures, a coalition of private investors founded by US tech entrepreneur Bill Gates, helped Danish start-up Blue World Technologies…
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,…
As companies look to shift towards more environmentally sustainable operations, those in fossil fuel or heavy-polluting sectors are increasingly turning to transition bonds – a relatively new class of debt instrument used to fund a company’s s efforts to reduce its environmental impact or lower carbon emissions. They are often issued in large carbon-emitting industries that would not normally qualify…
