The Ghana Innovation Hub
The client and the challenge
Starting a business in Ghana is one thing. Keeping it alive is another. The survival rate of small and medium enterprises in Africa can be lower than 40%. Entrepreneurs face shrinking markets, dried-up cash flow, insufficient buffers against unexpected events, and difficulty reinvesting profits while managing family financial needs. For many, the support to navigate those pressures simply does not exist.
One response to that reality was the Ghana Innovation Hub, established in 2018 by MDF, BlueSpace Africa and the Ghana Communication Technology University (GCTU), with support from the World Bank through Ghana's Ministry of Communications. The hub was built to give entrepreneurs in Ghana a permanent space and structured support to start, test and grow their businesse
Approach and results
The hub offers co-working facilities, a three-month incubation programme and a six-month acceleration programme, alongside investment matchmaking, networking, exchange events, business tools and policy briefs.
