Ghana’s Tech Ecosystem Raises an Estimated $56M in 2025
- Ghanaian startups raised an estimated $56 million in 2025, down from $127 million in 2024.
- Debt financing accounted for nearly 45% of the total capital raised in major deals.
- Zeepay secured approximately $18 million in senior secured debt, marking a maturity in the fintech sector.
The shift towards debt financing and hard-tech investments indicates a maturation of the Ghanaian startup ecosystem. This trend could lead to more sustainable growth, but it also raises questions about the long-term viability of startups that rely heavily on debt. Further analysis is needed to understand the implications of these funding strategies on innovation and market competition.
