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Crowdinvesting - Ghana

Ghana

The Crowdinvesting market in Ghana is projected to reach a total transaction value of US$0.49m in 2024.
When comparing globally, it is evident that the United Kingdom leads with the highest transaction value of US$608m in 2024.
Ghana's Crowdinvesting market is gaining traction, offering unique opportunities for local entrepreneurs to access capital and grow their businesses.

Key regions: Europe, Australia, Brazil, China, Israel

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Analyst Opinion

The Crowdinvesting market in Ghana is experiencing significant growth and development.

Customer preferences: Ghanaians are increasingly seeking alternative investment opportunities beyond traditional options such as stocks and real estate. Crowdinvesting provides a platform for individuals to invest in a wide range of projects and businesses, allowing them to diversify their investment portfolios and potentially earn higher returns. Additionally, many Ghanaians are attracted to the social impact aspect of crowdinvesting, as it allows them to support local entrepreneurs and contribute to the development of their communities.

Trends in the market: One of the key trends in the crowdinvesting market in Ghana is the emergence of platforms that cater to specific sectors. For example, there are platforms dedicated to funding renewable energy projects, agriculture initiatives, and technology startups. This specialization allows investors to align their investments with their personal interests and values, while also providing entrepreneurs with targeted funding opportunities. Another trend is the increasing use of technology to facilitate crowdinvesting. Online platforms have made it easier for individuals to discover and invest in projects, eliminating geographical barriers and streamlining the investment process. This has contributed to the growth of the crowdinvesting market in Ghana, as it has become more accessible to a larger number of people.

Local special circumstances: Ghana has a vibrant entrepreneurial ecosystem, with a growing number of startups and small businesses seeking funding. However, traditional sources of financing, such as banks, are often inaccessible to these entrepreneurs due to strict lending criteria and high interest rates. Crowdinvesting provides an alternative funding option for these businesses, allowing them to access capital and grow their operations. Additionally, the government of Ghana has implemented policies and initiatives to support entrepreneurship and innovation. This includes the establishment of incubators and accelerators, as well as the introduction of tax incentives for investors in certain sectors. These efforts have created a favorable environment for crowdinvesting in Ghana, attracting both local and international investors.

Underlying macroeconomic factors: Ghana has experienced steady economic growth in recent years, with a favorable business environment and increasing foreign direct investment. This has created a conducive environment for crowdinvesting, as investors are more willing to take risks and support local businesses. Furthermore, the high rate of mobile phone penetration in Ghana has contributed to the growth of the crowdinvesting market. Mobile payment platforms have made it easier for individuals to invest and receive returns, increasing the accessibility and convenience of crowdinvesting. In conclusion, the crowdinvesting market in Ghana is developing rapidly due to customer preferences for alternative investment opportunities, the emergence of specialized platforms, the use of technology to facilitate investments, the vibrant entrepreneurial ecosystem, government support for entrepreneurship, and favorable macroeconomic factors. These factors have created a fertile ground for crowdinvesting in Ghana, enabling individuals to invest in local businesses and contribute to the country's economic development.

Methodology

Data coverage:

The data encompasses B2C enterprises. Figures are based on transaction values / revenues / assets under management and user data of relevant services and products offered within the FinTech market.

Modeling approach / Market size:

Market sizes are determined through a combined top-down and bottom-up approach, building on a specific rationale for each market segment. As a basis for evaluating markets, we use annual financial reports of key players, industry reports, third-party reports, publicly available databases, and survey results from primary research (e.g., the Statista Global Consumer Survey). In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, consumer spending, population, internet penetration, smartphone penetration, credit card penetration, and online banking penetration. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the S-curve function and exponential trend smoothing are well suited for forecasting digital products and services due to the non-linear growth of technology adoption.

Additional notes:

The market is updated twice a year in case market dynamics change. The impact of the COVID-19 pandemic and the Russia-Ukraine war is considered at a country-specific level.