Ghana Telecommunications & ICT Industry Market Report

The telecommunications and ICT industry in Ghana is a vital driver of economic growth and development, facilitating communication, connectivity, and digital transformation. As of 2023, the telecommunications and ICT sector is valued at approximately USD 5 billion, with mobile telecommunications, internet services, and ICT solutions being the primary components (source: National Communications Authority).

The sector has seen an annual growth rate of 12% over the past five years, driven by increasing mobile penetration, internet usage, and digital innovation. Ghana's GDP stood at USD 74.26 billion in 2022, with the telecommunications and ICT sector accounting for about 7% of the total (source: World Bank). The future growth potential of the sector is substantial, with projections indicating that the market could reach USD 8 billion by 2030, supported by ongoing investments in infrastructure and digital services.

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