In 2020, startups in Ghana raised a total of $88.6 million in funding.
The number of deals has increased by 60% from 2019 to 2020.
Ghana is becoming a hub for impact investing in Africa, attracting more socially responsible investors.
Opportunities:
Ghana's growing economy and increasing use of technology provide ample opportunities for startups to succeed and grow.
The government has implemented various initiatives to support and encourage entrepreneurship, such as the creation of technology hubs and tax incentives for investors.
Status:
Ghana's startup ecosystem is still in its early stages, but it has shown significant growth and potential for the future.
There is a growing pool of talented entrepreneurs, and the country is attracting more investment from local and international investors.