Ecosystem Snapshot

Ghana

Stakeholder Insights

Challenges

  1. Lack of collaboration among actors
  2. Misalignment in investment size supply and demand
  3. Fragile government institutions and policies that are not necessarily conducive to entrepreneurship
  4. Lack of standardized business development support
  5. Infrastructure deficit; excessive cost of physical infrastructure
  6. Limited access to financial support
  7. Low interest in consumption of local products by Ghanaians
  8. Lack of trust in entrepreneurs to comply with the terms of investment

Opportunities

  1. Opportunities for actors to collaborate on projects aimed at building the ecosystem.
  2. Increasing demand for smaller sized investments, such as those provided by angel investors.
  3. Growing demand for affordable co-working spaces to bridge the infrastructure deficit.
  4. Increasing demand for business accelerators.
  5. The government is increasingly interested in collaborating with business and capacity development providers.

Recommendations

  1. All ecosystem actors should deepen their support in regions of Ghana beyond major cities
  2. The government should consider making the cost and process of registering a business less cumbersome.
  3. Donors and grant providers must set realistic requirements to ensure maximum impact.
  4. Intermediary organizations should provide more entrepreneurship education for current and aspiring entrepreneurs at multiple stages of growth.
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