Ghana Telecom Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Ghana Telecom Market Report is Segmented by Service Type (Voice Services (Wired, Wireless), Data and Messaging Services, OTT and Pay-TV Services). The Market Size is Provided in Terms of Value (USD).

Ghana Telecom Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Ghana Telecom Market Size

Ghana Telecom Market Summary
Study Period 2019 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Market Size (2025) USD 1.10 Billion
Market Size (2030) USD 1.17 Billion
CAGR (2025 - 2030) 1.12 %
Market Concentration High

Major Players

Ghana Telecom Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of Ghana Telecom Market with other markets in Technology, Media and Telecom Industry

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Ghana Telecom Market Analysis

The Ghana Telecom Market size is estimated at USD 1.10 billion in 2025, and is expected to reach USD 1.17 billion by 2030, at a CAGR of 1.12% during the forecast period (2025-2030).

  • The country is witnessing a surge in demand for 5G connections and services, propelled by the technology's promise of faster speeds and lower latency than its predecessors. 5G enables seamless streaming and real-time communication and facilitates quicker downloads. This, in turn, is bolstering the demand for telecom services. The rising preference for video streaming, online gaming, and other data-heavy applications further underscores the need for enhanced data speeds and capacity. With 5G, telecom operators are better equipped to cater to the escalating mobile data consumption, paving the way for increased revenue prospects.
  • The country’s manufacturing industries have adopted Industry 4.0, transforming industries from legacy systems to smart components and machines, primarily to facilitate digital factories and develop an ecosystem of connected plants and enterprises. Industry 4.0 persuaded OEMs to adopt IoT across their operations. Long-range, low-power, wide-area network (LPWAN) technologies, such as NB-IoT, LTE-M, and LoRa, drive innovation for IoT connectivity. LPWANs for IoT sensors are expected to allow low-powered devices to stream data packets wirelessly but with a broader area required in a manufacturing facility.
  • The push to enhance internet connectivity in rural areas is a crucial driver behind the expansion and enhancement of the telecommunications sector in the country, fueling market growth. Factors like rising smartphone penetration, growing awareness, increased digital technology usage, and investments from organizations and governments bolster internet adoption. Additionally, the rise of KaiOS and partnerships with African operators make internet access more affordable for low-income users. Complementary resources, like the 'Life' app, are aiding new users in developing digital skills and grasping the internet's relevance. These initiatives are poised to elevate internet penetration rates in these nations notably.
  • Telecom companies increasingly focus on digital transformation to enhance customer experience, optimize operations, and offer new services such as cloud-based solutions, digital payments, and streaming services. As digital connectivity increases, so does the importance of cybersecurity. Telecom companies have the opportunity to provide robust cybersecurity solutions to businesses and consumers to protect against cyber threats. Also, developing smart infrastructure, including smart buildings and smart energy grids, requires advanced telecom networks for data transmission and management, creating opportunities for telecom providers to offer integrated solutions.
  • On the contrary, several factors are propelling competition in the telecom industry. For example, the increasing demand for telecom services, including voice and data services, has also forced competitors in the industry. Companies are constantly expanding their networks and services to meet the growing demand from consumers. Further, price is also a significant factor propelling competition in the telecom industry. Customers are increasingly price-sensitive, and companies constantly strive to offer more affordable services to attract and retain customers.

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.

Ghana Telecom Market Leaders

  1. MTN Ghana

  2. Vodafone Ghana

  3. AT Ghana

  4. Globacom Limited

  5. Telkom Internet

  6. *Disclaimer: Major Players sorted in no particular order
Ghana Telecom Market Concentration
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Ghana Telecom Market News

  • May 2024: The Government of Ghana, alongside Ascend Digital, K-NET, Radisys, Nokia, and Tech Mahindra, has partnered with Mobile Network Operators (MNOs) AT Ghana and Telecel Ghana, to form a new shared infrastructure company, Next-Gen InfraCo (NGIC). This strategic alliance is geared towards making 5G mobile broadband services more accessible throughout Ghana. NGIC, having secured a 5G license, is set to roll out 5G services in Ghana in the coming six months, with plans for further expansion into other African regions.
  • May 2024: Reliance Industries Ltd (RIL), known for its telecom arm Jio's dominance in India, is expanding its horizons to Africa. It has partnered with Ghana's Next-Gen InfraCo (NGIC) to introduce high-speed 5G internet services. NGIC, in turn, has collaborated with Radisys Corp, a subsidiary of RIL, to secure the necessary hardware and software for the 5G rollout in Ghana, a nation in Western Africa classified as a low-to-middle-income economy. Notably, RIL currently does not have a direct equity stake in NGIC. The primary stakeholders in NGIC are Ascend Digital Solutions Ltd. and K-NET, both African telecom firms, collectively owning 55% of the company. The Ghanaian government holds a 10% stake.

Ghana Telecom Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions and Market Definitions
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET INSIGHTS

  • 4.1 Market Overview
  • 4.2 Industry Ecosystem Analysis
  • 4.3 Industry Attractiveness- Porter's Five Force Analysis
    • 4.3.1 Bargaining Power of Buyers/Consumers
    • 4.3.2 Bargaining Power of Suppliers
    • 4.3.3 Threat of New Entrants
    • 4.3.4 Threat of Substitute Products
    • 4.3.5 Intensity of Competitive Rivalry
  • 4.4 Assessment of the Macro Economic Factors on the Market
  • 4.5 Regulatory Landscape in Ghana

5. MARKET DYNAMICS

  • 5.1 Market Drivers
    • 5.1.1 Rise in the developments towards 5G
    • 5.1.2 Rising Digital Transformation in the Industries
  • 5.2 Market Restrains
    • 5.2.1 Heavy Capex Associated with Advanced Telecom Infrastructure
  • 5.3 Analysis of the Market based on Connectivity (Coverage to include In-depth Trend Analysis)
    • 5.3.1 Fixed Network
    • 5.3.1.1 Broadband (Cable modem, wireline-fiber, wireline DSL, fixed Wi-Fi ), Trends regarding ADSL/VDSL, FTTP/B, cable modem, FWA, and 5G FWA )
    • 5.3.1.2 Narrowband
    • 5.3.1.3 Mobile Network
    • 5.3.2 Mobile Network
    • 5.3.2.1 Smartphone and mobile penetration
    • 5.3.2.2 Mobile Broadband
    • 5.3.2.3 2G, 3G, 4G and 5G connections
  • 5.4 Analysis of Telecom Towers (Coverage to include in-depth trend analysis of various types of towers, like, lattice, guyed, monopole, and stealth towers)

6. MARKET SEGMENTATION

  • 6.1 By Service Type
    • 6.1.1 Voice Services
    • 6.1.1.1 Wired
    • 6.1.1.2 Wireless
    • 6.1.2 Data and Messaging Services
    • 6.1.3 OTT and PayTV Services

7. COMPETITIVE LANDSCAPE

  • 7.1 Company Profiles
    • 7.1.1 MTN Ghana
    • 7.1.2 Vodafone Ghana
    • 7.1.3 AT Ghana
    • 7.1.4 Globacom Limited
    • 7.1.5 Telkom Internet
  • *List Not Exhaustive

8. INVESTMENTS ANALYSIS

9. FUTURE OUTLOOK OF THE MARKET

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Ghana Telecom Industry Segmentation

Telecommunications services encompass the public network infrastructure, data transmission, and essential voice communication services. These include fixed and mobile phone services, network and data communication, and information services.

The Ghana telecom market is segmented by service type. By service the market is segmented into voice services data and messaging services, OTT and pay-tv services, and voice service is further segmented into wired, and wireless. For each segment, the market size is provided in terms of value (USD).

By Service Type Voice Services Wired
Wireless
Data and Messaging Services
OTT and PayTV Services
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Ghana Telecom Market Research FAQs

How big is the Ghana Telecom Market?

The Ghana Telecom Market size is expected to reach USD 1.10 billion in 2025 and grow at a CAGR of 1.12% to reach USD 1.17 billion by 2030.

What is the current Ghana Telecom Market size?

In 2025, the Ghana Telecom Market size is expected to reach USD 1.10 billion.

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.

What years does this Ghana Telecom Market cover, and what was the market size in 2024?

In 2024, the Ghana Telecom Market size was estimated at USD 1.09 billion. The report covers the Ghana Telecom Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Ghana Telecom Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Ghana Telecom Industry Report

Statistics for the 2025 Ghana Telecom market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Ghana Telecom analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.