Why Startups in Accra Are Gaining Traction While Lagos Faces Investor Fatigue

Lagos has long been seen as Africa’s startup capital. But recently some investors are showing caution there. Rising costs, regulatory hurdles, and stiff competition are taking their toll. Meanwhile, Accra is looking fresher as a startup hub.

In Accra, founders benefit from lower cost of operations, increasing government support, and growing interest from both local and international investors. The ecosystem is maturing with better infrastructure, more co-working spaces, and more supportive policies.

Many founders report that getting things done is smoother in Accra. Less red tape, fewer distractions, and a clearer path to validation help early startups gain traction faster.

For investors, Accra offers a kind of “reset.” It promises high potential returns without some of the risks that Lagos startups are currently managing.

Are you considering where to build or fund your next startup? Let’s map your options together.

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