Govt to launch innovation fund for AI startups

By Margaret Adjeley Sowah, ISD II Contributor

Technology Govt to launch innovation fund for AI startups

TUE, 16 JUN 2026

The Minister for Communication, Digital Technology, and Innovations, Mr Samuel Nartey George, has disclosed plans for a government-backed innovation fund designed to provide patient capital for startups and attract venture investment into the country’s growing technology ecosystem.

Speaking during a stakeholder engagement with PwC Ghana in Accra on Monday, the Minister stated that traditional banking systems often fail to support startups due to rigid lending benchmarks.

He explained that the new fund will be structured as a revolving investment mechanism, aimed at de-risking private sector participation and creating a more supportive environment for early-stage innovators.

The initiative forms part of Ghana’s newly launched National AI Strategy, which seeks to position the country as a leading hub for artificial intelligence in Africa.

Mr George further highlighted ongoing legislative reforms to establish innovation sandboxes to support emerging sectors, including fintech, healthtech and agrictech, while repositioning regulatory agencies to strengthen oversight.

PwC Ghana, led by Country Senior Partner Mr Vish Ashiagbor, welcomed the vision and expressed readiness to partner with the Ministry, particularly in AI deployment, digital advisory services, and capacity building. The firm also indicated its readiness to support efforts to connect startups with private capital and scale innovative solutions across the continent.

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