World Bank: Ghanaian telecoms investment reached USD1.1billion in 1998-2008

20 Sep 2011

A new report published by the World Bank says that investments in telecoms infrastructure in Ghana topped USD1.13 billion in the ten-year period from 1998 to 2008. In its report, titled ‘Africa’s ICT Infrastructure: Building on the Mobile Revolution’, the fund notes that the sums spent by both government-owned and privately-run ventures was equivalent to 1.1% of the nation’s gross domestic product (GDP). Further, the report places Ghana ninth in the top ten list of countries in sub-Saharan Africa in terms of telecoms investment in the period, ahead of Angola (USD1 billion). The other countries in the World Bank list being South Africa (USD18.1 billion), Nigeria (USD12.7 billion), Kenya (USD2.9 billion), Sudan (USD1.8 billion), Uganda (USD1.6 billion), Senegal (USD1.5 billion), Tanzania (USD1.4 billion) and DR Congo (USD1.2 billion).