// STARTUP AUTOPSIES · COUNTRY

Startup Failures in Ghana

14 startup autopsies from Ghana. Each includes the exact cause of failure, verified financial data, and the documented failure pattern.

14 autopsies · newest deaths first

ExpressPay Plus

fintechGhana2023

Ghana's 54% cedi crash in 2022 turned a promising BNPL into an unrecoverable debt spiral.

Slow Death

FlexPay Africa

fintechGhana2022

A 90-day GhIPSS suspension was all it took for enterprise clients to never come back.

Silent Shutdown

Mafuta

cleantechGhana2022

Ghana's clean cooking startup couldn't price its way out of poverty-market economics.

Slow Death

Enrich Africa

fintechGhana2021

Ghana's fintech cleanup and COVID panic drained Enrich Africa of users and liquidity simultaneously.

Slow Death

Zipline Ghana Operations

logisticsGhana2021

Government drone contract killed by election cycle and exclusivity disputes.

Regulatory Kill

PayPath

fintechGhana

Ghana B2B payments platform swamped by currency crisis and Wave's free model

Slow Death

Chipper Cash Retrenchment

fintechGhana

Pan-African payments unicorn imploded after FTX collapse gutted its investor and crypto strategy

Slow Death

Maka Motors

mobilityGhana

Ghanaian electric motorcycle startup could not build enough volume to reduce unit costs

Slow Death

Ayazona

ecommerceGhana

Ghanaian fashion ecommerce could not solve last-mile delivery in Accra and closed

Slow Death

Curacel

healthtechGhana

Ghana's health insurance claims automation startup ran out of runway before African health insurers could deploy at scale

Slow Death

AgroCenta Ghana

agricultureGhana

Ghanaian digital grain marketplace could not survive the cash conversion cycle in smallholder farming

Slow Death

Lynk

mobilityGhana

Ghanaian gig platform for skilled workers that could not crack unit economics

Slow Death

Dash

fintechGhana

Pan-African P2P payments platform that burned through $86M chasing continental scale before collapse.

Silent Shutdown

AccraPay

fintechGhana

The Ghanaian fintech that MTN killed by pulling the ladder

Market Exit

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Startup Failures in Ghana

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