Chairman of the Apostolic Professionals Network (APN), Elder Dr. Daniel Fahene Acquaye, has urged businesses in Ghana to adopt artificial intelligence (AI) and other emerging technologies to improve productivity and remain competitive.
He warned that businesses that fail to integrate AI into their operations risk falling behind competitors offering more efficient services, better products and competitive prices.
Speaking at the maiden Apostolic Business Leadership Summit organised by the APN at the TAC Tower in Accra on Thursday, October 8, Dr. Fahene Acquaye said AI was already transforming business operations and reducing the time required to complete routine tasks.
“If you have enterprise or you are in business, and you don’t begin to use AI in your operations, then know that in some years to come, you will gradually be fading out of business,” he said.
He explained that businesses that embrace AI could improve efficiency, enhance productivity and strengthen their competitiveness.
“Because people will be more efficient, they will be more price competitive, they will have superior products and services, and you will be lagging behind.”
Dr. Fahene Acquaye also challenged the perception that technological advancement would necessarily reduce employment, arguing that innovation could create new economic opportunities.
Using mobile money as an example, he highlighted how technology had created employment beyond traditional banking.
“I use Momo as an example. Before Momo, how many people were employed in the bank? How many people were employed in the bank? Now with the introduction of Momo, how many people are now engaged, setting up Momo centers? Far outnumber the number of people who are working in traditional banks.”
He said AI would similarly require people who could apply the technology to improve business processes.
“In the same way that even when you have the AI, you will need people who will use the AI to bring efficiency.”
Dr. Fahene Acquaye was speaking at the one-day summit held under the theme, “Equipping Christian Business Leaders for a New Era.”
The summit brought together business leaders, professionals, entrepreneurs and industry experts to discuss business sustainability, productivity, cybersecurity, risk management, leadership and strategies for growth.
The Apostolic Professionals Network, a professional body within The Apostolic Church-Ghana, seeks to support the professional development of church members and nurture entrepreneurs through training, mentorship and networking.
By Benjamin Sackey
