Speaking at the 4th Edition of the Ghana CEO Summit under the theme ” The Futuristic Economy: Technology- Driven Future of Business & Governance for Economic Transformation”, the Vice President of Ghana, Dr Mahamudu Bawumia indicated that Ghana must invest in Tech-Businesses as technology is a necessity in the development of every country.

He mentioned that, to be on top of the business ladder, in the competitive market, sidelining tech-businesses will be detrimental to the growth of the country.

This he said, is because modern businesses cannot survive without adapting to innovative systems.

He therefore indicated that, efforts should be put in place to invest in the education and creation of tech-businesses in the country.

“Many of you know the role that technology plays in shaping the fortunes of business and economic transformation, it needs no explaination because your competitiveness, profitability and survival are at stake, the next generation of business leaders, the CEOs must worry about disruptive tecnologies and the impact on demand-driven consumer product being it retail, healthcare, education, energy, food and so on.

“Tecnology is both a driver in the very essence of today’s business, as a driver, technology provides the vehicle for modern businesses and continues to shape the processes of businesses, that is, the modern businesses cannot survive without adapting to innovative systems and processes that leaverage their operations against competition.

“Sadly in our local economies some of our companies have some catching up to do in main streaming, advance technology in their business operations. As a country, Ghana needs to invest in its education and resources into the creation of the next generation of tech-businesses,” he said.

According to him, “technology is the vehicle for growth and as a business enterprise in themselves, government is committed to driving growth and innovation in the tech-sector..”

He added that the CEO Summit should be a platform that will enable the industry thought leaders to collectively find ways to enrich the economic future of the country through technology.