• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home Business

Global digital economy valued at $11.5 trillion

3 years ago
in Business, Economy, Features, highlights, Home, home-news, latest News, Technology
1 min read
0 0
0
60
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

Global digital economy valued at $11.5 trillion

The Minister for Communications and Digitalisation, Ursula Owusu-Ekuful has said that extant research estimates the value of global digital economy to be US$11.5 trillion, equivalent to 15.5% of global GDP.

Speaking at the 14th ITU Kaleidoscope Conference on Wednesday (7 December) at the National Communications Authority, Ursula Owusu said, “We all are aware and agree on the enormous potential impact of XR on the global economy.”

“A recent PwC report finds that VR and AR have the potential to deliver a US$1.5 trillion boost to the global economy by 2030.”

According to her, “What used to be fiction is now becoming reality. It is amazing how we can use this emerging technologies to enhance our socioeconomic advances today. Immersing technologies remain a need and are not as widespread as they could be even in advanced side.”

The minister said government is making efforts to develop a digital economic policy to improve global advancement.

“We know that digital economies provide unique opportunities for countries to accelerate economic growth and connect citizens to services and jobs.”

RelatedPosts

From the Continent, For the Continent: Building Homegrown Instant Payment Systems to Drive Financial Inclusion in Africa

Ghana’s DStv Standoff: A Warning Signal for Investors

When Prices Feel Like Power: Fix Competition, Not Just DStv 

Digital Economy

She said digital economies provide unique opportunities for countries to accelerate economic growth and connect citizens to services and jobs.

“The effectiveness of a country’s digital transformation agenda is unblinkered by clearly defined digital policy to constructing.”

“You can’t develop digitally in an ad hoc manner, and so mindful of that, Ghana through the Ministry of Communications and Digitalisation is currently in the process of developing a digital economic policy. The draft policy is hinged on five things which includes; digital government, data and merging technologies, digital skills, universal access and connectivity, and digital entrepreneurship,” the minister said.

She added: “Technologies such as Artificial Intelligence(AI) are driving the global digital revolution and contributing to resolving developmental challenges in some emerging economies.”

She, however, said Ghana has become a fertile ground for data science research and development with the entry of AI labs and google.

“We must develop a careful approach to the development of XR in Africa, particularly considering the interdependence in technology such as AI for software algorithms, connectivity, video standard and visualization.”

“This careful approach will include appropriate digital structure, policies and programs to create a conducive setting for the development of talent, research, accessibility, connectivity, and criticism infrastructure,” she said.

Tags: Global digital economyGlobal digital economy valued at $11.5 trillion
No Result
View All Result

Highlights

Africa’s GDP to rise to $15trn on investment in agriculture, industry, service

India Rejects U.S. Crude for Nigerian Oil as Sanctions on Russia Reshape Supply

Elon Musk is a Step Closer to Becoming a Trillionaire. Here’s a Look at His Rising Wealth

Gov’t to Proceed With MultiChoice Ghana Shutdown if Company Fails to Cut Prices Today

Hearts of Oak Clinch 2025 Democracy Cup with Narrow Victory Over Great Olympics

Alcaraz Outclass Djokovic to Reach Men’s Final; Dabrowski and Gabriella Capture Women’s Double Title

Trending

Economy

From the Continent, For the Continent: Building Homegrown Instant Payment Systems to Drive Financial Inclusion in Africa

September 6, 2025

From the Continent, For the Continent: Building Homegrown Instant Payment Systems to Drive Financial Inclusion in Africa...

Ghana’s DStv Standoff: A Warning Signal for Investors

September 6, 2025

When Prices Feel Like Power: Fix Competition, Not Just DStv 

September 6, 2025

Africa’s GDP to rise to $15trn on investment in agriculture, industry, service

September 6, 2025

India Rejects U.S. Crude for Nigerian Oil as Sanctions on Russia Reshape Supply

September 6, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.