Ghana Scores 75.5 on Fitch Solutions Digital Readiness Index, Signalling Need for Further Investment
Ghana has recorded an overall score of 75.5 out of 100 on the Fitch Solutions Digital Readiness Risk Index, underscoring the need for sustained investment to advance its digital transformation agenda.
The score positions Ghana as a market with notable potential, but one that still requires significant improvements in digital infrastructure and ecosystem development to fully unlock growth opportunities.
Despite this, Ghana’s performance remains broadly in line with larger African economies such as Kenya, which scored 72.4, and Nigeria, which recorded 74.4.
According to Fitch Solutions, all three markets continue to face structural constraints, including weak supporting infrastructure, limited access to skilled labour, and inefficiencies in transportation and power systems.
In a bid to strengthen Ghana’s digital ecosystem, the Ministry of Communications and Digitalisation has launched the Timbuktoo AgriTech Hub to drive innovation and adoption of agricultural technology solutions.
The initiative is aimed at supporting the development and deployment of AgTech products and services within Ghana’s agricultural sector, while also fostering the creation of scalable digital solutions with potential applications across other industries.
The Timbuktoo programme, which spans multiple Sub-Saharan African countries, is establishing eight innovation hubs across the continent, each focused on specific technological domains and sectoral priorities.
The Accra-based hub is expected to focus on agribusiness solutions, with knowledge-sharing mechanisms in place to facilitate collaboration with similar centres being developed in Kenya, South Africa, Nigeria, Senegal, Rwanda, Morocco and Egypt.
Fitch Solutions indicated that the hub is expected to attract local entrepreneurs and innovators to collaborate on designing and commercialising solutions aimed at enhancing agricultural productivity.
Beyond productivity gains, the initiative is also expected to improve farmers’ access to markets and build resilience against climate-related risks.
“We believe Ghana has been chosen as a host for an AgTech-specific centre of development owing to its considerable potential as regards modernisation and technological transformation,” Fitch Solutions stated.
The firm added that although Ghana is not yet a major investor in AgTech, its relatively smaller and more concentrated market, coupled with a growing base of tech-aware farmers and agribusiness stakeholders, could enable faster realisation of impact from targeted investments compared to larger markets.
