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World Bank Supports Ghana’s Digital Transformation Agenda With $200m

April 29, 2022
Stephen M.Cby Stephen M.C
in Economy, One Top Story
0
World Bank Supports Ghana’s Digital Transformation Agenda With $200m

Pierre Laporte, World Bank Country Director for Ghana, Liberia, and Sierra Leone

The World Bank has approved $200 million to help the government of Ghana increase access to broadband and to enhance the efficiency and quality of selected digital public services.

The funding will also help strengthen the digital innovation ecosystem in Ghana to help create better jobs and economic opportunities.

Digital is one of Ghana’s best-performing sectors and grew on average by 19% per year between 2014 and 2020.  Ghana is currently among the digital leaders in Sub-Saharan Africa and the Digital Economy diagnostic conducted in 2020 identified key bottlenecks that needs to be removed to further accelerate Ghana’s digital transformation, the World Bank stated.

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Building on previous investments, particularly through the ongoing World Bank-supported e-Transform Ghana project, this newly approved Ghana Digital Acceleration Project is supporting a regulatory shift to create an enabling environment for digital inclusion and innovation.

The approved funding will also streamline governance and delivery of public services and facilitate smallholder engagement in data-driven digital agriculture.

Pierre Laporte, World Bank Country Director for Ghana, Liberia, and Sierra Leone said expanding digital access and adoption, enhancing digital public service delivery, and promoting digitally enabled innovation are essential for Ghana’s digital transformation, which will help drive a robust post-COVID-19 recovery.

“The Ghana Digital Acceleration Project covers all these elements and will help advance the whole-of-government digital transformation agenda to accelerate adoption of digital technologies and innovation by key productive sectors, such as agriculture, to foster an economy-wide digital transformation”.

Pierre Laporte

Strengthening the local digital entrepreneurship ecosystem

The project will help strengthen the local digital entrepreneurship ecosystem and improve the survival and growth rate of digital technology-enabled startups.

World Bank explained that this goal will be achieved through supporting more effective innovation ecosystem coordination, better service provision by Entrepreneur Support Organizations, expansion of access to early-stage financing, and promotion of advanced digital innovation skills.

The Ghana Digital Acceleration Project is expected to increase access to mobile internet and broadband services of six million people by encouraging private sector investment in last-mile connectivity in underserved rural areas.

It will also promote digital inclusion for women, persons with disabilities and rural communities through regulatory updates and investments among others. This will help remove barriers to broadband and digital service access for Ghana’s lowest-income people and to close the regional digital gap.

 “Public sector digitization under this operation will continue the e-Transform project’s digital public service delivery ongoing efforts, to help generate significant economic and development benefits for people, businesses and the government, such as increased efficiency gains and time savings for the society and the economy”.

Maria Claudia Pachon

Maria Claudia Pachon, Senior Digital Development Specialist of the World Bank and Task Leader of the Ghana Digital Acceleration Project further indicated that the digitization of government services will also result in significant cost savings due to decreased travel and processing time to obtain services, as well as transaction costs such as manual entry errors, fraud, and corruption.

The World Bank remains an active development agent in Ghana.  Earlier this month, the World Bank released ¢42 million through the Ghana Productive Safety Net Project 2 (GPSNP 2), to support Government of Ghana to pay two cycles of arrears – 75th and 76th cycles – of the Livelihood Empowerment Against Poverty (LEAP) for 344,000 beneficiary households. It also contributed significantly towards the fight against the COVID-19 in Ghana.

READ ALSO: Sub-Saharan Africa’s GDP Growth to Slow to 3.8 Percent- IMF

Tags: COVID-19digitalghanaICTTransformationWorld Bank
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