AI governance in Africa: Embracing 24-hour economy for sustainable growth (Part 3)

By Dr. David King BOISON

Funding opportunities and initiatives

Overview of funding sources for AI initiatives in Ghana

To build a thriving AI ecosystem, Ghana must secure funding from multiple sources, including government initiatives, international organizations, private sector investments, and venture capital. Sustainable AI development depends on consistent financial support to drive innovation, build research infrastructure, and enhance AI literacy across industries.

Government funding and grants – The Ghanaian government has launched several initiatives to support AI-driven startups and digital transformation projects. The Ghana Digital Acceleration Program (2022) aims to provide financial assistance to AI startups, fostering technological entrepreneurship and innovation.

Similarly, the Ghana Investment Fund for Electronic Communications (GIFEC) is promoting AI-based solutions for digital transformation, particularly in telecommunications, fintech, and public services. These government-led funding programs are designed to create an enabling environment for AI adoption and ensure sustained AI-driven economic growth.

International AI development funds – International organizations are playing a crucial role in financing AI research and technological advancements in Africa. The World Bank and the African Development Bank (AfDB) provide grants and funding for AI research, capacity building, and digital transformation projects across the continent. Additionally, major tech firms such as Google and Microsoft have launched AI funding programs targeting African startups.

The Google AI Impact Challenge and Microsoft AI for Good provide funding for AI projects that address societal challenges, including climate change, healthcare, and economic inclusion. Furthermore, the UNESCO AI for Sustainable Development program supports AI initiatives that drive social and economic development, ensuring that AI innovations contribute to sustainability and inclusive growth.

Private sector and venture capital investments – Private sector investments and venture capital (VC) funding are key drivers of AI innovation in Ghana. Global tech firms such as Google, IBM, and Amazon Web Services (AWS) have established AI investment initiatives targeted at African startups.

These programs provide seed funding, mentorship, and technical support to early-stage AI entrepreneurs. African-based venture capital firms, including TLcom Capital, Partech Africa, and Norrsken22, are actively investing in AI and technology-driven startups. These VCs recognize AI’s economic potential and provide funding to promising AI-driven businesses. Additionally, Ghanaian AI startups can secure financing through business accelerators such as MEST Africa and Impact Hub Accra, which offer funding, mentorship, and business development support to AI innovators.

Analysis of the AI Africa project and US$4 billion sponsorship package

The AiAfrica Project is a groundbreaking initiative aimed at training 11 million Africans in Artificial Intelligence (AI) and digital skills. The project is sponsored with a US$4 billion investment and is a collaborative effort between the Vanuatu Trade Commission to Ghana and the African Diaspora Central Bank, with Knowledge Web Center leading its execution. As part of this initiative, Ghana has been allocated 1 million training slots with a sponsorship cost of US$450 million, reinforcing the country’s commitment to AI-driven workforce development.

Key achievements of the ADCB AI initiative

1. Training of 30,000 Ghanaians in AI and digital skills

A major component of the ADCB initiative is its investment in AI education and workforce development. The program has trained 30,000 Ghanaians in machine learning, data science, and automation, equipping young professionals and entrepreneurs with the skills needed to thrive in the AI-driven economy. AI-focused capacity-building workshops are also being implemented across universities, technical institutions, and AI training centers to ensure that Ghana has a robust AI talent pipeline.

2. Certification of 3,000 AI trainers

To expand AI literacy and workforce training, the AiAfrica Project has certified over 3,000 AI trainers as AI experts to support AI education and skill development across schools, government agencies, and private enterprises. These AI-certified professionals are now facilitating AI adoption across multiple sectors, accelerating Ghana’s transition into an AI-powered economy.

This initiative ensures that Ghana has a highly skilled AI workforce, positioning the country as a leader in AI education and expertise in Africa. In investing in AI education, trainer certification, and workforce development, the AiAfrica Project is laying the foundation for Africa’s participation in the global AI revolution. This initiative is fostering technological innovation, economic transformation, and sustainable development, ensuring that AI becomes a driving force for Africa’s digital future

3. Investment in AI infrastructure and research

The stimulus package also prioritizes AI infrastructure and research funding, directing investments into AI research labs, high-performance computing centers, and smart technology hubs. These investments will enable local AI researchers and innovators to develop Africa-centric AI solutions tailored to the continent’s economic, social, and environmental challenges. Additionally, funding has been allocated to AI-powered agriculture, healthcare, and financial technology (fintech) projects, ensuring sector-wide AI integration for enhanced productivity and efficiency.

Potential for further investment in AI governance and infrastructure

The ADCB stimulus package sets a strong precedent for future AI funding in Ghana. However, additional investment is needed to strengthen AI governance, expand research capabilities, and drive AI-led innovation. Ghana must build on this momentum by securing long-term investments in AI policy development, research, and infrastructure expansion.

Key areas for future AI investment

1. AI policy development and governance frameworks

Investment in AI governance is critical to ensuring responsible AI use and compliance with global standards. Ghana must allocate funding for AI policy development, including the establishment of AI regulatory bodies that oversee AI ethics, bias mitigation, and accountability. Investments in AI governance initiatives will ensure that AI applications align with human rights, economic inclusion, and national security priorities.

2. Expansion of AI Research and Development (R&D)

Ghana must scale up investment in AI research and development (R&D) to foster homegrown AI innovations. Additional funding is needed to establish AI research hubs, innovation centers, and AI startup incubators, enabling local AI scientists and engineers to develop solutions tailored to Africa’s needs. Increased investment in AI talent development will also boost Ghana’s competitiveness in the AI sector, attracting global AI investors and partners.

3. AI-driven infrastructure projects

AI can be integrated into smart city initiatives, e-governance systems, and digital transformation projects to enhance urban planning, energy efficiency, and public service delivery. Investments in AI-driven healthcare and agricultural solutions will further improve productivity, economic growth, and sustainability. In funding AI-powered climate monitoring, resource management, and disaster response systems, Ghana can leverage AI to address pressing environmental challenges.

4. Public-Private Partnerships (PPP) in AI development

Encouraging collaboration between the government, private sector, and academia is essential for accelerating AI adoption. AI funding initiatives should include incentives for businesses investing in AI innovation, infrastructure, and workforce training. In promoting public-private partnerships (PPPs), Ghana can mobilize resources from both domestic and international investors to build a resilient AI ecosystem.

Conclusion

Artificial Intelligence (AI) has the potential to transform Africa’s economy, driving efficiency, innovation, and productivity across multiple sectors. AI’s role in healthcare, agriculture, finance, and transportation can address long-standing challenges while enhancing economic opportunities. With AI’s projected global contribution of US$15.7 trillion by 2030, Africa stands to benefit significantly by leveraging AI to build a sustainable 24-hour economy.

To fully harness AI’s potential, African nations, particularly Ghana, must implement robust AI governance frameworks. Countries such as Rwanda, Kenya, and South Africa have successfully integrated AI governance models, providing valuable lessons for Ghana. Additionally, the US$4 billion ADCB stimulus package has laid a strong foundation for AI development in education, research, and infrastructure, encouraging further investment in AI-driven initiatives.

Policymakers must act swiftly to introduce AI governance strategies that ensure responsible AI deployment, data protection, and ethical AI practices. A National AI Strategy should be developed to outline a clear roadmap for AI investment and regulation.

Strengthening data protection laws, fostering AI research and education, and promoting public-private partnerships (PPPs) will ensure sustainable AI adoption. Ethical AI deployment must be prioritized to prevent bias, discrimination, and transparency issues. Ghana has the potential to become a regional AI powerhouse by prioritizing AI governance, investment, and workforce development.

AI can drive job creation, economic diversification, and business innovation, making Ghana a leader in Africa’s AI-driven 24-hour economy. By integrating AI into key industries, Ghana can enhance public services, boost efficiency, and create long-term economic prosperity.

With proactive AI policies, strategic investments, and strong regulatory frameworks, Ghana can position itself as a global leader in AI innovation. AI must be harnessed as a tool for progress, ensuring that its benefits drive sustainable development, empower businesses, and enhance the quality of life for all citizens.

>>> the writer is a Maritime & Port Expert | AI Consultant | Senior Fellow, CIMAG. He can be reached via [email protected]

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