News

Ghana Outperforms Nigeria, Kenya in Fitch Solutions’ 2026 Digital Readiness Risk Index

Credit: myjoyonline

Ghana achieves an overall score of 75.5 points out of a potential 100 from Fitch Solutions Digital Readiness Risk Index (DRRI) for 2026.

This marked the country out as an economy that still requires considerable investment in order to achieve its digital transformation goals.

That said, it scores comparably with larger and more vibrant markets such as Kenya (72.4) and Nigeria (74.4). All three markets face considerable supporting infrastructure supply and business environment risks, including limited pools of skilled labour and poor transportation and power grids.

Ghana’s Ministry of Communications and Digitalisation launched the Timbuktoo AgriTech Hub as part of an effort to support innovation in and adoption of agricultural technology (AgTech) products, services and solutions on this key economic growth sector and to foster the development of digital solutions that might have wider cross-sector applications.

The Timbuktoo programme spans multiple Sub-Saharan African (SSA) countries and is establishing eight innovation centres across the continent, each focused on specific technologies and sector-specific applications. The new Accra hub will develop solutions for Ghana’s agribusiness centre, but insights, knowledge and expertise will be shared with the other Timbuktoo hubs being set up in Kenya, South Africa, Nigeria, Senegal, Rwanda, Morocco and Egypt.

Fitch Solutions said the hub will attract local entrepreneurs to collaborate in designing and commercialising solutions that help improve agricultural productivity, but a wider goal is to help farmers access markets more efficiently and strengthen resilience to climate change.

“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”, it said.

It pointed out that while Ghana is not yet a major investor in AgTech products, services and solutions, it is a small market with a large base of increasingly technologically-aware farmers and agribusiness stakeholders, where results from focused investments could become apparent faster than in larger and less-concentrated markets.

 

NewsAfricaGhana

News Africa Ghana is an online news portal dedicated to providing authentic news and current affairs to inform, educate, and empower the Ghanaian population and beyond. NewsAfricaGhana strives to be a relentless advocate for truth, providing a platform for diverse perspectives and opinions. The dynamic website, newsafricaghana.com, offers readers access to breaking news, commentary, and thought-provoking analysis, ensuring they stay informed and engaged with the world around them.

Related Articles

Back to top button