ACCA Orbit 2025 examines Artificial Intelligence’s role in shaping the future of accountancy

The Association of Chartered Certified Accountants (ACCA) hosted ACCA Orbit 2025. This summit focused on artificial intelligence (AI) in accountancy. It took place at the UPSA Auditorium under the theme ‘AI and the Future of Work’. Industry experts, business leaders, and technology professionals attended to discuss AI’s impact on finance.

Col. Nobel Carl Doe Dei-Alose, Chairperson of ACCA Ghana, opened the event. He stressed that accountants must develop AI skills to stay relevant. Those who do not adapt risk being left behind as AI integrates into finance. “We need to support understanding towards engagements in functions we should handle,” he stated.

He warned that professionals lacking knowledge of modern demands may struggle with traditional skills.

A panel discussion titled ‘Will AI Take My Job?’ addressed automation concerns. Panelists noted that AI acts as an enabler rather than a disruptor. The profession is shifting from data processing to advisory roles.

Akwasi Adu Boahene, CEO of Fidelity Securities, emphasized this transformation. He said, “The future of accountancy is about deriving strategic value from numbers.” Professionals who interpret financial data for business decisions will remain essential.

He acknowledged that AI could enhance accuracy and trust in outputs but warned about biases. “Trust and accuracy are foundations of accounting,” he explained. Proper implementation can improve analysis and reduce errors but requires governance structures for responsible use.

Winifred Opoku-Baffour from Absa Bank discussed AI’s efficiency potential while addressing job loss fears. She stated, “Fear comes from misunderstanding AI’s capabilities.” AI cannot replace fundamental accounting skills; it enhances efficiency instead.

She highlighted the importance of upskilling in soft skills to stay relevant.

Norbert Dziwornu, Managing Partner at StartOA, supported this view. He said, “AI is improving decision-making.” Professionals should leverage these tools ethically without fear.

Throughout the summit, speakers emphasized three key areas: lifelong learning, enhancing analytical skills, and prioritizing ethical considerations for responsible decision-making.

Gloria Boye Doku from ACCA reiterated their commitment to educating professionals about AI's role. She noted that fears about replacement are unfounded; AI augments existing work instead.

The summit also featured a career fair with employability training and masterclasses on blockchain and cryptocurrency opportunities. Additionally, 50 top-performing ACCA candidates were recognized for their achievements in various disciplines both locally and internationally.