Business News of Wednesday, 10 September 2025

Source: thebftonline.com

GSMA study highlights digital transformations' potential for economic growth

The report noted that digital platforms and e-commerce are expected to deliver GH¢5.1billion The report noted that digital platforms and e-commerce are expected to deliver GH¢5.1billion

Accelerating digital transformation has the potential of adding more than GH¢40billion to the economy within four years and creating nearly half a million jobs while boosting fiscal revenues by more than GH¢6billion.

According to a new report by GSMA – ‘Driving Digital Transformation of the Economy in Ghana’ and published in September 2025 – if government implements bold policy reforms, digitalisation could emerge as a key driver of long-term economic growth.

It identifies agriculture, industry, trade, transport and government as the sectors most likely to benefit from adopting digital technologies.

The report notes that mobile broadband, mobile money and digital platforms can be harnessed to deliver higher productivity and more efficient service delivery.

Indeed, the report estimates that digitalisation could generate around 440,000 new jobs by 2029 – with the largest gains being in agriculture and industry. In agriculture, digital tools such as precision farming and mobile-based extension services could contribute GH¢10.5billion in value and create 190,000 jobs.

Industry, on the other hand, could see GH¢15billion in added value and 110,000 new jobs, driven by the adoption of technologies such as cloud computing, artificial intelligence and automation.

In trade, digital platforms and e-commerce are expected to deliver GH¢5.1billion in added value alongside 60,000 jobs. Transport and logistics could account for GH¢4.3billion and 80,000 jobs, with digital port systems and automated customs processes helping to improve efficiency and reduce revenue leakage.

Digitalisation has been identified as a central pillar of the current administration’s RESET agenda, which aims to achieve a “digitally inclusive and data-driven economy”.

The GSMA report stressed that to unlock these projected gains, government must press ahead with comprehensive reforms; particularly in the telecommunications sector.