ICT
From The Report: Ghana 2024
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This sector remains a major contributor to Ghana’s economic development, with its value expected to grow from $1bn in 2022 to $5bn by 2030 despite the fiscal constraints and currency depreciation being experienced by the broader economy. ICT-focused businesses are set to further benefit from government support initiatives, a dynamic start-up ecosystem and improvements to the country’s digital infrastructure, with Ghana set to continue to invest in the latter to meet rising demand for digital services across the economy. E-commerce activity is also anticipated to grow substantially, harnessing the entrepreneurial drive of an energized, tech-savvy and sizeable youth population.

This chapter contains an interview with Sylva Vortia, CEO, Axon Information Systems.

Articles from this Chapter

Overview

Plugged in: Continued e-commerce expansion harnesses the entrepreneurial drive of a sizeable, tech-savvy youth population
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Ghana’s ICT sector remains a significant contributor to overall economic development. Valued at around $1bn in 2022, the sector has maintained its growth and is expected to expand to $5bn by 2030, despite the fiscal constraints and currency depreciation being experienced by the broader economy. With government support, a dynamic start-up ecosystem and growing digital infrastructure, Ghana is well positioned to maintain its trajectory of progress in the sector. Structure & Oversight The main…

Analysis

Connecting the bots: The rise of numerous artificial intelligence-powered systems is transforming the payment landscape
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Internet penetration in Ghana has increased due to the ubiquity of mobile devices and the expansion of 4G coverage. The Western Corridor Fibre-optic Backbone project and other government initiatives have been instrumental in bridging the digital gap and enhancing connectivity. These efforts resulted in the digital transformation of numerous industries, including government, finance and agriculture, as well as Google opening its first artificial intelligence (AI) research centre in Africa in Accra…

Interview

Digital transition: Sylva Vortia, CEO, Axon Information Systems, on advancing the national economic agenda through sector development
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Interview:Sylva Vortia, CEO, Axon Information Systems To what extent has the growth of the ICT sector accelerated economic development? SYLVA VORTIA: One of the most important factors that has propelled the expansion of Ghana’s ICT sector is the government’s commitment to digitalisation. This national effort aligns with global post-Covid-19 pandemic recovery efforts. In the software development field, the surge of young people pursuing software engineering courses is promising, and demand…

Analysis

Heightened concern: Efforts under way to counter the rise in cyberthreats stemming from digitalisation and the shift to remote work
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Russia’s invasion of Ukraine in February 2022 caused disruptions across the global economy, from food to energy, and prompted an increase in the number and sophistication of cyberattacks – exacerbating a similar impact from the Covid-19 pandemic. According to a poll of over 800 chief audit executives conducted by the UK-based Chartered Institute of Internal Auditors, 77% of respondents thought the war had elevated cybersecurity and data security risks. Senior cybersecurity analysts have said…