By Stanley Senya
Accra, Oct. 09, GNA – Mr Daniel Fahene Acquaye, the Chief Executive Officer of the Agri-Impact Group, has urged businesses in Ghana to adopt Artificial Intelligence (AI) and other digital technologies to improve productivity, reduce operational costs and remain competitive.
He said businesses that failed to integrate emerging technologies into their operations risked losing their competitive advantage to enterprises offering better products and services more efficiently.
Mr Acquaye was speaking at the maiden Apostolic Business Leadership Summit organised by the Apostolic Professionals Network (APN) of The Apostolic Church-Ghana at the TAC Tower at Ritz Junction in Accra.
The summit was held on the theme: “Equipping Christian Business Leaders for a New Era.”
Mr Acquaye said AI was transforming business operations by reducing the time required to perform routine administrative tasks and enabling enterprises to improve efficiency.
He cited the preparation of meeting minutes as an example, explaining that tasks that previously took several days could now be completed within minutes with the assistance of AI tools.
He said businesses, particularly small and medium-sized enterprises, needed to explore ways to integrate AI into their operations to improve productivity and strengthen their competitiveness.
Mr Acquaye said technology adoption should not be viewed solely as a threat to employment, noting that technological advancement could also create new jobs and business opportunities.
He encouraged enterprises of all sizes to invest in digital capabilities and equip their workers with the skills needed to use emerging technologies effectively.
Beyond technology adoption, he said businesses needed to establish effective management systems and succession plans to ensure their survival beyond their founders.
He observed that many Ghanaian businesses struggled to survive the transition from one generation to another because their operations depended heavily on their founders.
He said the absence of appropriate structures and succession arrangements often threatened business continuity when founders died.
Mr Acquaye also encouraged entrepreneurs to overcome the fear of expansion and take advantage of opportunities to grow their businesses beyond subsistence operations.
He said businesses needed to prioritise sustainability, productivity, compliance, and cybersecurity to remain resilient in an increasingly digital business environment.
On business ethics, he urged Christian entrepreneurs to uphold integrity, comply with their tax obligations and help minimise corruption in their professional activities.
He said Christian values should influence conduct in the workplace and not be limited to religious activities.
Mr Acquaye further called on churches and other faith-based organisations to use their platforms to educate members on national development issues, including sanitation, responsible business practices, tax compliance and the fight against corruption.
He said religious institutions could contribute to national development by encouraging responsible citizenship and ethical conduct among their members.
The maiden summit brought together business leaders, professionals, entrepreneurs and industry experts to share experiences and strategies for building sustainable enterprises.
Discussions covered business growth, productivity, cost management, cybersecurity, risk management and business continuity.
The Apostolic Professionals Network seeks to promote professional development, entrepreneurship, networking and mentorship among members of The Apostolic Church-Ghana while encouraging Christian values and ethical conduct in business and professional relationships.
GNA
Edited by Christabel Addo