Ghana
Africa · Pop. 34.4M
Enterprise value · 2015–2025
Ghana grew 8.4× since 2015
Combined enterprise value of every tracked startup headquartered in Ghana that's still operating today — public and private companies combined, totalled by founding-year cohort.
Adjacent ecosystems by EV
Startup funnel
Ghana's power-law funnel
From the first cheque written to a $10B+ outcome. Each arrow shows what fraction of companies at one stage graduate to the next, tracked by founding cohort.
* C→Unicorn and Unicorn→Decacorn rates are derived from current counts (no founding-cohort data); the four mid-funnel rates use Dealroom's cohort tracking.
Academia
Ghana's academic flywheel
Companies founded by university alumni or spun out of research, plus the institutions producing the most founders tied to Ghana.
Vs. similarly-sized ecosystems
How Ghana stacks up
Peers chosen from the same Africa cluster within ±70% of Ghana's combined EV. The scatter plots growth × current size for the wider continent — outliers in the upper-right are ecosystems compounding fastest.
Top overview
Africa ecosystems — combined view
Top ecosystems in Africa ranked by combined EV. Ghana's row is highlighted.
| # | Ecosystem | Combined EV | 5-yr EV growth | Unicorns | VC invested | Tracked startups |
|---|---|---|---|---|---|---|
| 1 | South Africa | $18.8B | 8.2× | 2 | $406.5M | 969 |
| 2 | Nigeria | $18.2B | 12.5× | 6 | $227.5M | 919 |
| 3 | Egypt | $12.3B | 9.6× | 4 | $416.9M | 834 |
| 4 | Kenya | $8.9B | 10.2× | 0 | $269.6M | 520 |
| 5 | Seychelles | $3.1B | — | 1 | $15.8M | 46 |
| 6 | Senegal | $2B | 98.9× | 1 | $13.5M | 52 |
| 7 | Mauritius | $1.9B | 29.4× | 0 | $19.5M | 42 |
| 8 | Ghana | $1.6B | 5.3× | 0 | $146.9M | 193 |
| 9 | Tunisia | $1.1B | 37.2× | 0 | $5.1M | 110 |
| 10 | Rwanda | $705M | 5.8× | 0 | $13.2M | 57 |
| 11 | Morocco | $653.2M | 8.4× | 0 | $20.2M | 146 |
| 12 | Benin | $601M | — | 0 | $100.1M | 20 |
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