World Bank approves $200mn for Ghana to accelerate digital transformation
Digital is one of Ghana’s best-performing sectors and grew on average by 19% per year between 2014 and 2020.
The World Bank has approved $200 million to help the Government of Ghana increase access to broadband, enhance the efficiency and quality of selected digital public services, and strengthen the digital innovation ecosystem in Ghana to help create better jobs and economic opportunities.
According to the multilateral development bank, digital is one of Ghana’s best-performing sectors and grew on average by 19% per year between 2014 and 2020. The country is among the digital leaders in sub-Saharan Africa and the Digital Economy diagnostic conducted in 2020 identified key bottlenecks that needs to be removed to further accelerate Ghana's digital transformation.
Building on previous investments, particularly through the ongoing World Bank-supported e-Transform Ghana project, the newly approved Ghana Digital Acceleration Project is supporting a regulatory shift to create an enabling environment for digital inclusion and innovation; streamline governance and delivery of public services; and facilitate smallholder engagement in data-driven digital agriculture.
The project will help strengthen the local digital entrepreneurship ecosystem and improve the survival and growth rate of digital technology-enabled startups. This goal will be achieved through supporting more effective innovation ecosystem coordination, better service provision by Entrepreneur Support Organizations, expansion of access to early-stage financing, and promotion of advanced digital innovation skills, the Bank said.
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