PPP Broadband Last-Mile Connectivity Deployment (Ghana Digital Acceleration Project)
Why now
Ghana's Ministry of Communication issued an active REOI (Request for Expression of Interest) for Technical and Transaction Advisory Services to design and implement PPP broadband projects, and separately tendered a nationwide fibre audit — both published in 2025 — signalling an imminent procurement pipeline. The government's 'Big Push' initiative earmarks digital infrastructure as one of four priority verticals of the $1.1bn 2025 spend, with the Ghana Infrastructure Investment Fund creating Special Purpose Vehicles specifically to attract private blended-finance capital.
What we checked
- Scored 72 of 100 by our analysis model, which ranks this list. Not an independent rating.
- 4 source reports read and listed below.
- We have people in this market who can open doors on this deal.
- Desk analysis only. No audit, no site visit and no management meeting has taken place unless we tell you otherwise in writing.
What is driving it
- Government's $10bn 'Big Push' infrastructure programme explicitly targets digital infrastructure PPPs, with the GIIF creating SPVs to mobilise private and blended finance
- Active Ministry of Communications tenders for a nationwide fibre audit, NITA strategic plan (2025–2029), and ICT equipment procurement signal a multi-year public procurement pipeline
- Ghana's completed AfCFTA Tariff Concession Schedule and EU Economic Partnership Agreement create commercial incentives for multinationals to establish regional digital hubs in Accra, driving broadband demand
What could go wrong
- February 2025 procurement law reform raised international tendering thresholds significantly, meaning smaller contracts may default to national competitive bidding reserved for domestic firms
- Macro volatility and a non-performing loan ratio of 21.8% in the banking sector may delay offtake agreements from anchor institutional clients required for PPP viability
Full analysis
Ghana is experiencing a strong economic resurgence in 2025, anchored by a 382% FDI surge to US$862.96 million in H1 2025, a GDP rebound to 5.7% growth in 2024, and President Mahama's $10bn 'Big Push' infrastructure programme committing $1.1bn to roads, energy, and digital infrastructure in 2025 alone. Inflation, while still elevated at 22.4% as of March 2025, has moderated sharply from its 2022 peak of 54%, and debt restructuring under the IMF programme is restoring macroeconomic credibility. Regulatory momentum is strong: the GIPC Act is being revised to eliminate the $1 million minimum capital requirement for foreign investors, February 2025 procurement law reforms raised international tendering thresholds, and the new Ghana Gold Board Act 2025 restructures mineral export governance. China's June 2025 zero-tariff policy for all 54 African nations opens a new export corridor for Ghanaian processed goods, while Ghana's bilateral EPA with the EU (covering 78% of tariff lines) and its hosting of the AfCFTA Secretariat further cement its role as West Africa's premier investment gateway. Key growth vectors are agro-processing value chains, ICT/fintech infrastructure, and PPP-linked digital broadband build-outs.
Ghana's Ministry of Communication issued an active REOI (Request for Expression of Interest) for Technical and Transaction Advisory Services to design and implement PPP broadband projects, and separately tendered a nationwide fibre audit — both published in 2025 — signalling an imminent procurement pipeline. The government's 'Big Push' initiative earmarks digital infrastructure as one of four priority verticals of the $1.1bn 2025 spend, with the Ghana Infrastructure Investment Fund creating Special Purpose Vehicles specifically to attract private blended-finance capital.
Market drivers:
- Government's $10bn 'Big Push' infrastructure programme explicitly targets digital infrastructure PPPs, with the GIIF creating SPVs to mobilise private and blended finance
- Active Ministry of Communications tenders for a nationwide fibre audit, NITA strategic plan (2025–2029), and ICT equipment procurement signal a multi-year public procurement pipeline
- Ghana's completed AfCFTA Tariff Concession Schedule and EU Economic Partnership Agreement create commercial incentives for multinationals to establish regional digital hubs in Accra, driving broadband demand
Risks:
- February 2025 procurement law reform raised international tendering thresholds significantly, meaning smaller contracts may default to national competitive bidding reserved for domestic firms
- Macro volatility and a non-performing loan ratio of 21.8% in the banking sector may delay offtake agreements from anchor institutional clients required for PPP viability
Sources
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Everything above is desk research on a market, not an offer of securities and not financial advice. Do your own due diligence before you commit capital.