Vikrant Shekhawat : Nov 02, 2024, 09:07 AM
Mukesh Ambani News: After establishing his business empire in India, Reliance Industries Chairman Mukesh Ambani is now trying to strengthen his presence in Africa as well. Amid the challenges of the economy in many countries of Africa, Ambani has taken the initiative to help Ghana. Ghana, which is famous all over the world for its coffee production, is currently facing a serious debt crisis. To address this challenge, Mukesh Ambani plans to improve the high-speed internet and banking system in Ghana, which can revive the country's economy.Ghana will get cheap 5G networkWith the help of Mukesh Ambani, the first 5G network is going to be launched in Ghana soon. With the help of this 5G network, not only high-speed internet services will be available in Ghana, but it will also reduce the cost of data. 5G connectivity will have a direct impact on the economic activities of the country, as it will make services like digital payments, e-commerce and online banking more accessible.While informing about the launch of this new network, Ghana's Communications and Digitization Minister Ursula Owusu Ekuful said that the 5G network will give a new direction to economic development in Ghana.Reliance Jio's supportReliance Jio will train the Next Gen Infra Company, so that success like India can be achieved in Ghana too. After the launch of Jio in 2016 in India, there have been major changes in the telecom industry. Data prices in India have come down drastically and the expansion of digital connectivity has led to rapid development in various sectors.Mukesh Ambani is trying to replicate Jio's model of success in Africa too, so that countries like Ghana can also strengthen digital infrastructure.Ghana's economy will get strengthenedGhana's economy is burdened with heavy debt, and due to lack of digital infrastructure, business activities are not able to grow as expected. To overcome this debt crisis, Ghana's President Nana Akufo Addo launched a loan scheme of $503 million in July. The scheme aims to provide loans to small and medium industries at affordable rates, as these industries contribute to 70% of the country's GDP.Mukesh Ambani's efforts will increase the level of digitalization in Ghana and as a result, small and medium businesses facing debt problems will also benefit from facilities like online transactions. Additionally, the expansion of digital banking will provide better financial services to the citizens of Ghana, making their business more organized and successful.A step towards the future of GhanaThis move by Mukesh Ambani not only symbolizes his global business expansion, but it is also a commendable effort to work with African countries to solve their problems. For a country like Ghana, the development of 5G networks and high-speed internet infrastructure can definitely take the economy to new heights.By applying his digital revolution experience in India to Ghana, Mukesh Ambani is trying to accelerate the business and economy there. This will further strengthen his economic relations with Africa, and will also pave the way for partnerships with other African countries like Ghana in the future.