How big is the Ghana Telecom Market?

The Ghana Telecom Market size is expected to reach USD 1.09 billion in 2024 and grow at a CAGR of 1.12% to reach USD 1.15 billion by 2029. Read More

What is the current Ghana Telecom Market size?

In 2024, the Ghana Telecom Market size is expected to reach USD 1.09 billion. Read More

Who are the key players in Ghana Telecom Market?

MTN Ghana, Vodafone Ghana, AT Ghana, Globacom Limited and Telkom Internet are the major companies operating in the Ghana Telecom Market. Read More

What years does this Ghana Telecom Market cover, and what was the market size in 2023?

In 2023, the Ghana Telecom Market size was estimated at USD 1.08 billion. The report covers the Ghana Telecom Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Ghana Telecom Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Ghana Telecom Market Size & Share Analysis - Industry Research Report

Ghana Telecom Industry Overview

The Ghana Telecom market is consolidated, with a few prominent players such as MTN Ghana, Vodafone Ghana, AT Ghana, Globacom Limited, and Telkom Internet to increase market share; corporations continually spend on strategic partnerships or acquisitions services development. The following are some recent market developments:

January 2024: Telecel Group, a player in the telecommunications sector, has revealed its strategic move: Vodafone Ghana is set to undergo a complete rebranding, transitioning to the Telecel banner by the close of February 2024. This decision follows Telecel's acquisition of a substantial 70% stake in Vodafone Ghana (officially known as Ghana Telecommunications Company Limited – GTCL) in February 2023. The rebranding initiative extends beyond Vodafone Ghana itself, encompassing its trio of subsidiaries: National Communication Backbone Company Limited (operating as Vodafone Wholesale), Vodafone Ghana Mobile Financial Services Limited (branded as Vodafone Cash), and the philanthropic arm, Vodafone Ghana Foundation. Demonstrating its commitment to the Ghanaian market, Telecel bolstered its presence in October 2023 by expanding its network infrastructure with 300 new 4G sites and introducing the advanced 4G+ technology, promising even swifter speeds to its clientele.
November 2023: AT, the Ghanaian operator formerly Airtel Tigo, entered a joint venture with private equity firm Hannam Investments, signaling a strategic move to bolster the nation's telecoms sector. The primary goal of this partnership is to modernize Ghana's telecom infrastructure, emphasizing establishing a premier 4G network. Hannam Investments, emphasizing a customer-centric approach, highlighted that this venture will pave the way for a diverse range of cutting-edge telecom products and services. The founder of Hannam Investments further underscored the partnership's potential to attract additional investments, drive technological progress, and enhance telecom coverage in Ghana.