New policies and successful startups are fueling a massive surge in tech investment in Ghana. Discover why companies like Kofa and Zeepay make Ghana a top African hub.
The narrative around tech investment in Africa has, for years, centered on a handful of dominant markets. While the continent’s startup ecosystem is on track to surpass $3 billion in funding in 2025, signalling a global market recovery and increased confidence, one country is quietly making some of the most strategic moves: Ghana.
While Ghana may not yet lead in sheer deal volume, it is rapidly distinguishing itself by attracting larger, higher-quality, and more strategic investment deals. This trend suggests that investors are finding in Ghana a maturing, resilient ecosystem backed by foundational stability. This article explores the two primary, interlocking drivers of this surge in Ghanaian tech investment: progressive government policy and the verifiable, scalable success of startups in key sectors such as Fintech, Agritech, and Climate Tech.
The Macro Catalyst: Policy and Stability
Global venture capital (VC) is risk-averse; it chases markets where the regulatory environment reduces uncertainty. Ghana is currently providing that assurance by formalizing its support for innovation, making it a safer and more predictable base for foreign capital.
A. The Legislative Anchor: The Ghana Innovation and Startups Act (GISB)
The most significant legislative change is the planned enactment of the Ghana Innovation and Startups Act (GISB). This is more than just a piece of paper; it represents a commitment to creating an attractive, stable ecosystem that can compete regionally.
The GISB, currently in its final consultation phases, aims to provide a structured legal framework that de-risks investment. Its provisions are highly appealing to both local founders and international investors:
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The bill is expected to deliver substantial fiscal benefits, such as potential tax holidays for certified startups.
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Simplified Registration: The Act will streamline bureaucratic processes, reducing the time and cost required to launch and scale a new venture.
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Targeted Funding: It plans to create a Ghana Innovation and Startup Fund, offering local seed capital to bridge the critical gap between idea and scale-up.
This policy commitment is a critical signal. When a government actively reduces friction and offers long-term incentives, foreign investors perceive the jurisdiction as dedicated to growth, not just taxation, thus significantly increasing the potential for Ghana tech investment.
B. Resilience and Talent
The appeal extends beyond policy to the human capital and operational environment.
Ghana benefits from a high-quality talent pipeline fostered by institutions and a strong local tech hub culture. Furthermore, compared with some regional peers, Ghana’s relative political stability and improving corporate governance standards are considered essential to long-term venture growth.
The combination of legislative clarity and market resilience ensures that once investment is deployed, the operational environment is conducive to sustained scaling.
Where Ghana Tech Investment is Concentrated
The influx of capital is directed at solving Ghana’s most critical and most scalable economic challenges. Three sectors are currently soaking up the majority of the Ghana tech investment:
A. Fintech and Financial Inclusion (The Core)
Fintech is the engine of African tech, but Ghana’s focus has shifted. It is moving from basic mobile money to sophisticated cross-border rails and specialized lending.
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Zeepay: A prime example of local success, Zeepay is capitalizing on the massive Ghanaian diaspora by focusing on digital remittance infrastructure. They facilitate the settlement of funds into mobile money wallets, cards, and bank accounts, providing a vital artery for cross-border financial flows. This approach not only provides convenience but also formalizes a critical economic sector.
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Fido / OZÉ: These platforms focus on the challenge of financial inclusion for SMEs and the unbanked. By leveraging data on digital lending (Fido) and offering digital cash flow management tools (OZÉ), they are building the credit history infrastructure needed to unlock billions in working capital for small businesses.
B. Climate Tech and E-Mobility (The New Frontier)
Global Environmental, Social, and Governance (ESG) capital is increasingly targeting Africa, and Ghana’s need for cleaner energy and logistics makes it a strong fit.
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Kofa: This startup secured a significant $8.1 million pre-Series A funding round earlier this year to scale its battery-swapping network. Kofa is tackling two problems simultaneously: unreliable grid power and high dependence on fuel. Their system uses AI-driven technology to manage a universal battery standard that powers electric motorcycles and small businesses. At a swap station, users change a depleted battery for a charged one in under two minutes. This greatly reduces both costs and emissions.
C. Agritech: Data and Efficiency
As the backbone of the Ghanaian economy, agriculture is ripe for modernization, attracting capital focused on supply chain efficiency.
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Farmerline: This company demonstrates how technology can transform traditional agriculture. Farmerline uses digital tools to connect smallholder farmers with quality inputs, financing, and premium markets. This boosts productivity, reduces post-harvest losses, and makes the sector commercially attractive to investors.
Outlook for the Ecosystem
The surge in Ghana tech investment in 2025 is more than economic recovery; it is an intentional, two-pronged strategy. This strategy involves robust policy clarity from the impending GISB and from maturing startups that solve real market problems at scale.
Key players like Zeepay and Kofa validate Ghana’s operational and financial potential. As the government finalizes its legislative backing, Ghana is set to cement its top-tier status. It is becoming a top-tier investment destination and a powerful launchpad for African innovation, not just an emerging market.
