Investments into Ghana’s tele-communication industry in the past decade, is estimated to have reached US$1.1 trillion, according to the World Bank.

In a recent report released by the World Bank, Ghana came 9th among the top ten countries in Sub-Saharan Africa who have received heavy investments into their ICT sector between 1998 and 2008.

South Africa topped the list with US$18.1 trillion, and then Nigeria with US$12.7 trillion. Kenya followed with US$2.9 trillion and Sudan, US$1.8 trillion.

The rest include Uganda with US$1.6 trillion, Senegal with US$1.5 trillion, Tanzania with US$1.4 trillion, Democratic Republic of Congo with US$1.2 trillion, and then Ghana followed in the 9th position and finally, Angola with US$1 trillion.

However, the report classified The Democratic Republic of Congo, Guinea-Bissau, Liberia and Sierra Leone as low-income and fragile states.

Ghana, Kenya, Senegal, and Uganda were classified as low-income and non-fragile states while Nigeria and Zambia were tagged as resource rich states.

Private investment within the same decade was about $50 billion into the telecommunications infrastructure due to market liberalisation and favourable political conditions leading to expansion over time and good rates of investment in the sector.