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Communications Minister sells tech sector investment opportunities to Ghanaians in Canada

Minister of Communications and Digitalization, Ursula Owusu-Ekuful has laid out a myriad of funding alternatives in Ghana’s digital know-how sector in a bid to draw Ghanaians within the Canadian diaspora to return spend money on the nation.

She was delivering her keynote handle on day two of the continued Ghana Canadian Diaspora Funding Summit in Toronto, Canada, organized by the Ghana Funding Promotion Middle (GIPC) to strategically interact the Ghanaian Diaspora with the view to attracting their long-term investments and partnerships for Ghana’s improvement.

The theme for the summit if “Develop in Ghana, develop with Ghana”.

The Minister famous that during the last 25 years, Canadian exports to Ghana have been rising by 8.97% yearly from US$23.8 million in 1995 to US$372 million presently, whereas Ghana is doing round SU$100 million value of exports to Canada. She mentioned that vast hole offers the chance for Ghanaians at dwelling and within the diaspora to companion and do extra to bridge that hole.

In line with her, past the alternatives in commerce, tourism, agriculture, well being and plenty of different sectors, a great deal of funding alternatives additionally exist within the digital know-how sector, significantly inside the context of Ghana’s digital transformation agenda rolled out from 2017.

Earlier than spelling out the precise funding alternatives within the sector, she rapidly subtle what she referred to as the criticism that Ghana authorities choose to work with Chinese language tech giants like Huawei and ZTE in terms of digital and know-how infrastructure improvement.

She mentioned the Chinese language have usually supplied simple financing choices for the rollout of know-how infrastructure in Africa, however there nonetheless stay a great deal of alternatives but untapped.

Additionally Learn: Let’s develop continental e-Payment cards to replace Visa, Mastercard – Ursula

The Minister, as an illustration, talked about joint ventures with Ghanaian fintech companies, provide of high-tech digital and telecommunications tools, know-how parks and mini-tech hubs, constructing digital centres outdoors of Accra, back-office operations for monetary establishments, enterprise processes outsourcing, machine assembling crops, the important thing digital governance infrastructure and final mile connectivity to enhance entry to unserved and underserved areas as among the untapped funding alternatives in Ghana’s tech sector.

Youth Focus

Ursula Owusu-Ekuful mentioned Authorities believes that if the youth of in the present day are given the chance to interact with the fourth industrial revolution (digital know-how), they’ll change into the champions within the world world of labor tomorrow.

“Africa has probably the most youthful inhabitants on the earth in the present day and so if we reap the benefits of the alternatives and put together our youth now, they would be the tech leaders tomorrow and the continent would be the higher for it,” she mentioned.

In that vein, there’s quite a lot of funding alternatives for upscaling the youth, giving them the know-how and the talents to have the ability to sit in Ghana/Africa and work globally via digital know-how and the platforms being constructed again dwelling.

She mentioned authorities can be establishing STEM (science, know-how, engineering and arithmetic) establishments throughout the nation to supply the youth with marketable expertise and that’s one other space of funding for the Canadian diaspora to think about.

Additionally Learn: Cryptocurrency is happening, let’s not sit on the fence – Ursula

Ladies in ICT

The Ladies in ICT Programme, in line with her, is ten years previous this 12 months, and it has already supplied ICT and digital expertise to five,000 over the primary 9 years. She added that this 12 months alone, authorities has earmarked to double the quantity by coaching a further 5,000 women in coding and up to now, 3,000 have already been skilled.

“It’s our expectation that these 10,000 women will arrange their very own start-ups and change into tech entrepreneurs and make use of many others. That in itself creates funding alternatives for Ghanaian companies within the diaspora and you’ll start by creating internship alternatives for these women to develop their improvements higher to allow them to add to the tech worth chain,” she mentioned.

She mentioned the Ladies in ICT programme was initially focused at women within the fundamental and secondary colleges, however the girls within the tertiary establishments insisted they wished to be half, so now a number of of them are being skilled in synthetic intelligence, machine studying, coding, cybersecurity and others very related applied sciences.

Enterprise Processes Outsourcing

“We’re additionally making the most of our place as an English-speaking nation to draw back-office enterprise processes outsources contracts from US, Canada and Europe. We have already got a number of Ghanaians taking over such jobs and doing marvellously from the consolation of their properties.

“That is an space that has a possible to increase additional with investments from the diaspora. It’s going to assist to spice up the standing of the youth into entrepreneurs and assist to unravel the youth unemployment drawback within the nation,” she mentioned.

The Minister informed the Canadian diaspora that “I can assure you that this enterprise alone will double or triple your funding for those who go into that space.”

She mentioned talked about partnerships with specialised establishments just like the Kofi Annan Middle of Excellence in ICT for Synthetic Intelligence and Machine Studying coaching, institution of Knowledge Facilities, Cloud Computing and different rising applied sciences within the information economic system as different funding alternatives.

In line with her, African nations are presently working with Good Africa Alliance to arrange a Federated Cloud System on the continent in order that “we will host all our information on the continent and guarantee it’s nicely protected. That additionally presents nice funding alternatives for Ghanaians within the diaspora.”

Ghana Cares

She touched on the Ghana Cares Obatampa program, saying it was designed to stabilize, revitalize and to create jobs and prosperity for Ghanaians over a three-year interval within the put up Covid period.

Ursula Owusu-Ekuful informed summit contributors that the Ghana Cares program is presently in its second section of supporting industrial farming and attracting educated youth into agriculture, constructing Ghana’s evening manufacturing sector, growing engineering machine instruments and ICT digital economic system, growing Ghana’s housing and development corporations and renewing and optimizing the implementation of presidency flagships and key applications.

She mentioned authorities is assured that the section two applications will transfer Ghana into the industrialization and manufacturing section, which then presents numerous funding alternatives for Ghanaians within the diaspora to kind partnerships with each international and native companies and reap the benefits of them.

AfCFTA Hub

She talked about the AfCFTA Hub, as an illustration, saying that Ghanaians within the diaspora can create enterprise hubs and join with the just lately launched AfCFTA Hub in Ghana so they might have quick access to SME producers and suppliers, in addition to financiers and regulators in a one-stop-shop scenario.

In accordance, such companies can the acquire entry to much more alternatives via the hub to the remainder of Africa and even make and obtain funds in all currencies on the hub.

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