In this clip, we delve deep into an insightful discussion about Ghana's readiness for Web3, Blockchain, and Cryptocurrency.
Listen to the full conversation here: https://open.spotify.com/episode/7u3xUZywIc41H68yQSGEhH
Our dialogue springs from an interview with Del Titus, a strong evangelist in Ghana's Web3 space. Discover how global tech giants like Google and Twitter have set up headquarters in Accra, with other tech companies following suit and establishing themselves in Ghana.
We explore why Africa, and Ghana specifically, are considered ready for these emerging technologies.
Learn how the fresh African market and up-and-coming Ghanaian startups are helping the region delve into this industry and why it is essential. With less than 1% of the world invested in cryptocurrency, we are still in the early stages, and Africa's potential is incredible.
Our guest Carlita Cash discusses their recent trip to Ghana and their observations about the growing interest, both in business and tourism. Drawing parallels to Dubai, currently a crypto hub, we identify how Ghana could also reach these heights.
Hear about Ghanaians discovering alternative income sources during the 2020-2021 lockdown period through buying, selling, and trading crypto.
We also touch on the digitalization trends in Ghana, across government entities, banks, and mobile money transfer platforms, indicating a likely future transition into crypto. Learn how the increasing access to the internet and smartphones is boosting these developments and making big waves in the crypto world.
Follow Carlita Cash on Instagram: https://www.instagram.com/cashcarlita
Let us know your thoughts! Join the conversation on our Social Media handles @thesoundofaccra on all platforms and @thesoundofaccrapodcast for TikTok and YouTube!
Social Media
YouTube: https://youtube.com/thesoundofaccrapodcast
Website: https://thesoundofaccra.com
Instagram: https://www.instagram.com/thesoundofaccra/
TikTok: https://www.tiktok.com/@thesoundofaccra
Twitter: https://twitter.com/thesoundofaccra
Facebook: https://web.facebook.com/thesoundofaccra
Linkedin: https://gh.linkedin.com/company/the-sound-of-accra
Support the show
https://www.paypal.me/gofundad
Listen to more episodes below
https://thesoundofaccrapodcast.podbean.com/
All other links
https://linktr.ee/thesoundofaccrapod
About The Sound of Accra Podcast
Our mission is always the same, to promote Global Ghanaian excellence. And always to bring you closer to Accra, whenever you are, with powerful stories that make you want to take action in your career, business or personal life.
For 4 years, we have been championing Ghanaian business, entrepreneurship and Creators through podcasting. To this date, we've achieved 10s of thousands of audio downloads worldwide and published well over a 150 episodes.
We are trying to grow our global audience and reach more people and become an established brand in a go to resource for learning about native and diasporan Ghanaian Creators, entrepreneurs and founders worldwide.
I'm kindly asking for your help. Yes, all of you. To leave a review on Apple Podcasts and Spotify, the most popular podcast platforms that you all listen to us on.
If you have feedback for our shows or would like to share what you would like to hear from The Sound of Accra Podcast, please email info@thesoundofaccra.com
00:00:00
Let's keep this conversation flowing Carlita so
00:00:02
so there was a there was an interview that came out
00:00:05
a while ago with Del Titus so he's a pretty strong
00:00:08
evangelist here in Ghana in terms of the web free space
00:00:11
and I mean I saw an interview of him and Denta who's quite a well-known personality
00:00:16
here in Ghana and they had a conversation about web free and crypto and the
00:00:20
blockchains and one interesting thing he said Carlita was that he feels that
00:00:26
Africa or Ghana per se is ready for or, you know, the Web3, the blockchain,
00:00:30
the crypto, because you have the likes of Google,
00:00:33
you know, they've got their headquarters in Accra.
00:00:36
Twitter was here, but of course, that's, you know, they've come and packed up
00:00:40
their bags because of Elon, you know, doing what he's doing.
00:00:43
And, you know, you've got other, you know, tech companies, you know,
00:00:46
that have established themselves in Ghana.
00:00:48
So there's a lot happening, you know, in this space. And I think just off the
00:00:51
call, I mentioned Jack Dorsey, you know, comes to Ghana quite a bit.
00:00:54
And, you know, he always He always finds himself at the Africa Bitcoin Conference,
00:00:58
which runs every early December for a few days.
00:01:02
Why do you feel Ghana or Africa per se is ready for crypto, Bitcoin,
00:01:07
I mean, sorry, Web3, blockchain, you know, all of these new technologies,
00:01:11
these emerging technologies?
00:01:14
So that's a great question. I think to be honest, I think Ghana and I think
00:01:19
Africa on the whole almost doesn't have a choice but to get into this market
00:01:25
to the industry. The market is so fresh.
00:01:28
I like to tell people that we're still in the beta series of blockchain crypto. crypto.
00:01:35
There's only under 1% of the world who's even invested into cryptocurrency.
00:01:40
So we're still in the early stages. And I believe that the market is amazing in Ghana.
00:01:46
I believe that there's quite a few startups in Ghana.
00:01:50
It's still an up and emerging industry there where a lot of people are curious.
00:01:55
I know last summer, University of Ghana just started their blockchain,
00:02:00
first blockchain course.
00:02:01
So I know they're trying to integrate it.
00:02:05
They're trying to get the youth. The youth actually already are interested in
00:02:08
it. Some people are trading.
00:02:10
Some people are investing into cryptocurrency specifically.
00:02:14
And I think it's just a great market. It's a place where people are starting
00:02:19
to see that cryptocurrency and blockchain is allowing Africans,
00:02:23
allowing Ghanaians to have an even playing field with the rest of the world now.
00:02:28
When you look at Dubai, Dubai is the hub of crypto right now.
00:02:32
Ghana can be like Dubai. you know it's
00:02:35
it's there's very large possibility of that happening here there's so many natural
00:02:40
resources here and so encompassing that with the industries that are already
00:02:46
there is going to help the market's going to help the different industries to
00:02:49
grow and uh and be powerful.
00:02:53
Yeah there's a very interesting comments you made
00:02:55
kalita yeah i feel like where the economy is going where the
00:02:58
government's going where banks are moving us all banks are
00:03:01
moving a lot more digital I've noticed in Ghana
00:03:04
as well even the phone companies as well
00:03:07
I think you know some of these mobile money transfer platforms
00:03:11
as well you could see them kind of moving into
00:03:14
crypto in the future you could kind of see that transition there
00:03:17
it's mentioned it's quite interesting you mentioned you know you could see Ghana
00:03:21
or Accra per se as you know being like another Dubai because I think during
00:03:25
the 2020-2021 lockdown period what you found was people that weren't able to
00:03:31
make money through the usual means, they actually got their phones.
00:03:36
They started that downloading, you know, apps like Binance or what have you,
00:03:39
or the equivalent in Ghana and Africa, and they were actually able to make money
00:03:43
through, you know, buying, selling, trading crypto.
00:03:46
So yeah, I think, you know, the interesting thing about Ghana Africa is that
00:03:50
a lot of people have smartphones and once you can get on the internet,
00:03:53
you know, the rest is history.
00:03:56
Mm-hmm, mm-hmm, exactly. Mm-hmm, okay, cool.
00:04:00
So, I mean, speaking of Ghana, I mean, you, of course, let's talk about your
00:04:03
trip to Ghana, your recent trip to Ghana, actually.
00:04:05
So we're now in February 2024, as we're recording this episode.
00:04:10
Tell us a bit about your trip to Ghana and this was your first time and what
00:04:14
you got up to during this particular trip.
00:04:17
Yes, so it's been my fourth time to Ghana.
00:04:20
I absolutely loved it. The other times, the first time I went,
00:04:24
I stayed about two months and absolutely loved it.
00:04:28
This trip, I got to stay about five weeks.
00:04:30
And it was really nice. This trip, I got to actually explore a little more.
00:04:35
I got to go to Cape Coast. I got to visit the slave castles.
00:04:40
And this trip was very meaningful to me.
00:04:45
You know, the first time I came to Ghana, it was trying to explore Ghana.
00:04:49
And first time actually in Africa. And so it was an amazing opportunity.
00:04:55
So the first time was, okay, let me kind of test out the waters and see how it is.
00:05:00
Get to enjoy Dutty December and the festivities, concerts.
00:05:06
And so this trip was more of a business trip for me.
00:05:09
And to kind of delve into the market a little more and to meet people and to network. work.
00:05:15
I did a lot of networking, which was great.
00:05:18
And I got to visit the Jubilee House as well. I was really, really excited about that.
00:05:24
And I really got to see the history and visited Independence Square.
00:05:29
And I realized there's so much opportunity in Ghana, especially when it comes to tourism.
00:05:35
I could see the door opening there, especially when it comes to North Americans.
00:05:40
I see a lot of Americans coming to Ghana, but not as many Canadians.
00:05:44
So I'm trying to, I'd love to kind of get more Canadians to see, like myself.
00:05:50
The the beauty of the culture and the history and the
00:05:53
people and so that's what i really got to
00:05:56
do this time around and it was it was fantastic it was
00:05:59
amazing absolutely fantastic um it
00:06:02
sounds like quite an accomplished busy trip as well
00:06:04
it sounds like you packed in a lot in five weeks you know networking business
00:06:08
business touring travel enjoyment as
00:06:11
well of course you can't come here without enjoyment you know so glad
00:06:14
you got to pack in is what you did sounds like a
00:06:17
well you know you know a well-deserved and
00:06:20
you know a well you know time used trip
00:06:23
but yeah i think you are right in terms of you
00:06:26
know there's a lot of americans coming of course the british have been coming
00:06:29
you know no pun intended for many years as well but yeah
00:06:33
i think canadians i think we're starting to see a lot more canadians start
00:06:36
to come as well but i think you do have quite there are quite
00:06:39
a number of canadians around you know you've got like ivy prosper
00:06:42
you know popular youtuber she's around you know she
00:06:44
came on the show last season you've got living ghana you
00:06:47
know run by frank mensah he's he's canadian and he runs you know that property
00:06:52
company in ghana and and 54 tours 54 gold tours i believe it's another canadian-based
00:06:57
tour company in ghana so you do have quite a few canadians emerging and you
00:07:01
know i'm sure that's just gonna grow so yeah i'm sure you'll find the.
00:07:07
That's right yes amazing trip amazing trip so okay cool let's let's keep this
00:07:13
moving So tell us through AFRI
00:07:15
plus tech and tell us about what the business does and your role in it.