The sharpest signals for Ghana's tech ecosystem — what moved, and why it matters.
Fri, Sep 11
ECG, the company that distributes electricity across southern Ghana, alone accounts for 85% of all state enterprise losses — GH¢71 billion in accumulated liabilities, with financing costs running at nearly six times its operating earnings.
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The more interesting number here isn't dLocal's — it's the list of companies that already beat it to the Enhanced PSP licence: Flutterwave, Paystack, Fincra.
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ICT growing at 30.9 per cent year-on-year — up from 21.3 per cent the year before — and doing so for twelve consecutive quarters is not a good run. It is a pattern.
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MTN Ghana operationalises group-wide MoMo conversion ambition with a specific informal-sector digital payments push targeting Ghana's cash-lite economy goals.
Telecel has unveiled Telecel Shop, a digital platform designed to connect shoppers and businesses, integrated within Ghana's mobile money ecosystem. The launch positions Telecel as a direct participant in Ghana's e-commerce market alongside existing merchant payment infrastructure.
The IMF has specifically identified political appointments as a major governance weakness at Ghana Ports and Harbours Authority, the Volta River Authority, COCOBOD, and other state-owned enterprises. A separate IMF statement warns more broadly that political appointments could weaken SOE boards, framing the practice as an actionable reform target across Ghana's state-linked entities.
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