The United States (US) Ambassador to Ghana, Mrs. Virginia Palmer says digital innovation has played a key role in improving Ghana’s fiscal governance.
According to the Ambassador, Ghana’s recent digitization drive has helped create a cashless system, reducing corruption and revenue leakages across all sectors of the economy.
He said this on the first day of the 12th edition of the Tech in Ghana conference held at the Accra Digital Centre.
“The Ghana Electricity Company’s digitization effort is helping to create a cashless payment system that reduces revenue leakage-theft. In March, ECG announced that it had increased its monthly revenue by 25% as a result of a huge boom in the Ghanaian economy,” he said.
He disclosed that the US is preparing to work with Ghana to support the development of the digital economy and infrastructure, stating that “the ability to harness technology will remain a key driver of individual, business and societal transformation for years to come.”
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He commended the Government of Ghana for establishing itself as Africa’s hub for Artificial Intelligence (AI) and Fintech.
Speaking at the Tech in Ghana 2023 conference themed: “Collaboration, Community and Capital”, Mrs Palmer called on local tech entrepreneurs to be timely with their provision of services as this is critical to ensure that Ghana continues to attract the next wave of investment and reinvestment.
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Tech in Ghana is a prominent UK-Ghana platform dedicated to strengthening and promoting Ghana’s thriving tech ecosystem both locally and globally.
Since its inception in 2017, it has gathered the active participation of many multinational companies, decision makers, investors, fast-growing scales and founders from the region.
Held twice a year in London and Accra, Tech in Ghana provides a valuable avenue for its emerging tech industry to meet, engage in global knowledge exchange, network with industry peers and showcase innovation.
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Communication expert and founder of Tech Ghana, Akosua Annobil, while addressing the press, said the theme of the conference “Collaboration, Community and Capital” was on the right track as building relationships and alliances was the foundation of any successful business.
She added that her outfit is interested in providing the ecosystem with space for meaningful conversations that will evolve the tech industry both locally and globally.
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He highlighted the importance of creating an enabling environment for technology to thrive, applauding government efforts with emphasis on the Bank of Ghana’s soundbox initiative and ECG’s cashless system.
He said as long as there was a willingness to share, learn and build relationships, technology had huge potential in Ghana.
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Prior to the event, a media launch was organized at the residence of the British High Commissioner to publicize the event.
Deputy British High Commissioner to Ghana, Keith McMahon in an interview with the media said that if Ghana’s tech ecosystem continues to grow at a steady pace, it would see a lot of foreign investment and become a strong tech force in Africa.
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He said the government of Ghana has seen the potential of technology and has taken significant steps to embrace it by creating space and legislation to make the practice fluid for many businesses and start-ups in the country.
He called on the government to create an enabling environment where technology activities and investments can thrive in a sustainable manner.
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Speaking to the media, the executive deputy board at Telecel Group, Eleanor Azar said her team participated in the tech event because of Ghana’s abundance of tech talent and hopes to connect and give more opportunities to start-ups in the country.
Head of Department at Blue Crest University College, Vivekananth Padmanabhan in the presentation highlighted the relevance of the technology in the mining sector.
He said Accra was positioned to leverage robotics technology for advancement.
Mr. Vivekananth said the competition will serve as a learning curve by providing opportunities to students who want to pursue robotics.
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He said the conference will serve as a learning platform and showcase Ghana’s technology space to the world.
Students and representatives from the African Academy of Sciences, Blue Crest University College and the University of Energy and Natural Resources presented presentations demonstrating the vibrant pool of young talent emerging from Ghanaian educational institutions.
The highlight of the conference was the Kumasi Takeover, which featured founders and tech startups from the Ashanti region, including Dext Technology, Incas Diagnostics, DefcanTalk and Farmerline.
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Tech in Ghana is enabling the country’s entrepreneurs to make a significant impact on the global tech scene, while receiving the critical support and recognition they deserve along the way.
Topics covered include FinTech, AgriTech, HealthTech, ClimateTech, Gig Economy, Gaming, Policy, Investment, Entertainment, EdTech and more.
The conference featured an impressive line-up of speakers, including representatives from the Ministry of Communications and Digitalisation, International Trade Centre, Farmerline, British High Commission Accra, US Embassy, Telecel Group, TapTap Send, MTN, GSMA, ECG, Tony Blair Institute, Yellowcard, Blu Penguin, Global Forum on Cyber Expertise, Konzoom, Kola Market, Cointelegraph, Menufinder Africa, Pulse, Google Developers Group, Nubian VR and many more.
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