Ghana has a vibrant entrepreneurial ecosystem. However challenges remain to promote start-ups towards investments. The impressive 56% CAGR in funding growth over thelast four years affirms Ghana’s position as an attractive startup hub. Fintech and Healthcare are the most preferred for investors, even though Agtech also seems to be attractive. There are over 100 hubs and accelerators spreadacross Ghana. Universities are setting up innovation hubs to nurture the entrepreneurial capabilities of students.
Some of the key challenges are
a) limited access to finance
b) limited digitally skilled talent
c) lack of collaborationamong start-ups
d) inadequate data communications infrastructure
e) complex and rigid regulatory environment.
Swisscontact is implementing the Enhancing Entrepreneurial Ecosystem and Investments (3Ei) initiative in Cambodia.This has prompted Swisscontact to design the COMTAD (Collaboration, Mentoring, TA Support and Data) approach.This approach could also be applicable in Ghana.
