Supported by new infrastructure and value-added mobile services, Ghana’s ICT sector is witnessing a high double-digit growth over the past 12 months, despite a broader slowdown in the region’s economy,
According to data issued by the Ghana Statistical Service in late June, the nation’s ICT sector outpaced its broader economic growth. The country’s ICT sector grew by some 18.8% while the country’s GDP expanded by 4.9% year-on-year (y-o-y) in the first quarter of this year.
Market analysts maintained that this reflects a dramatic acceleration from the fourth quarter of last year, when the ICT sector expanded by 5.2%, compared to a 4.9% GDP growth.
This significant increase in the growth rate is all the more impressive in light of the Considering the challenges facing the country’s economy, including recessionary pressure on the cedi, a fiscal deficit and a drop in prices for some of Ghana’s key export commodities, the major increase in the growth is
ICT sector’s growth rate has been supported, in large part, by extensive infrastructure investment, with expanded fibre-optic corridors providing a solid backbone to extend reach to secondary cities and smaller communities.
Launched in 2013, the $38m Eastern Corridor fibre-optic project was completed last year by telecoms equipment company Alcatel-Lucent. The corridor which spans roughly 800 km connects Ho in the Volta region to Bawku in the Upper East Region, facilitating internet access to an estimated 120 communities