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Business News of Tuesday, 13 May 2025

    

Source: www.ghanawebbers.com

Tech is changing the rules: Here’s how business leaders can stay ahead

These shifts are changing how companies operate and how customers behave.

Whether you run a cocoa processing firm or a fintech start-up, the future is digital.

This journey isn’t just about buying software or copying trends. It’s about understanding technology's role in our markets and for our people.

Here are key leadership tips for business leaders in Ghana to succeed with technology:

Digital Isn’t Just for Tech Companies Anymore

Digital transformation used to be for banks and tech start-ups. Now, even farms and retail chains must think digitally.

They can use mobile tools to track supply chains or cloud software for sales management.

Ghana is moving quickly; mobile money has changed payment methods. Digital platforms are also transforming work and learning.

Leaders who thrive treat digital strategy as core business thinking, not just an IT issue.

Leadership Tip: Own your digital vision. Integrate it into your company culture. Ask: “How can technology improve customer service tomorrow?”

AI Is Not the Future; It’s Already Here

You may have interacted with AI this week—through chatbots or predictive text.

For businesses, AI helps predict demand, personalize experiences, and automate tasks.

But leaders must prepare their teams for this shift. Should we train them? Redeploy them? Will AI replace jobs or create new ones?

In Ghana, we have a young workforce eager to learn but need guidance towards future skills.

Leadership Tip: Start small with AI in customer support or data analysis. Invest in learning—when your people grow, so does your business.

If You’re Not Thinking About Cybersecurity, You’re at Risk

Recently, a local SME suffered a cyberattack that shut down its online store for days. They lost money and trust—a warning sign for all of us.

Digital brings speed but also vulnerability. If systems aren’t protected, you’re exposed.

With data breaches common, customers want assurance their information is safe.

Leadership Tip: Cybersecurity is a leadership responsibility—not just an IT issue. Ask tough questions: Are we protected? Who accesses our data? What’s our attack plan?

Sustainability: Tech’s Secret Superpower

The climate change conversation isn’t just for policymakers anymore. More consumers reward companies that prioritize sustainability.

Technology can help through solar operations or digital tools that reduce waste.

In Ghana, where energy reliability is challenging, going green ensures business continuity too.

Leadership Tip: Use technology to go green—save costs over time while building brand trust and attracting partners.

Think Pan-African; Act Local

Ghana’s start-up scene is thriving—from fintech innovations to agritech solutions. We need to think bigger than local markets.

The African Continental Free Trade Area (AfCFTA) offers opportunities to scale across borders.

Success stories will reach beyond Kumasi—to Lagos, Nairobi, and more.

To achieve this, we need interoperable systems that are culturally aware and scalable.

Leadership Tip: Build solutions for Africa—not just Ghana. Ask: “Can my solution serve farmers in Uganda or retailers in Kenya?” If yes, you’re onto something big!

Data Is the New Gold—If You Know How to Use It

Every customer interaction leaves clues about preferences and expectations. Yet many businesses rely on guesswork instead of insights.

Data doesn’t have to be complicated—it could mean tracking popular products or identifying online drop-off points.

Leadership Tip: Get curious about your data! Start by asking: “What do we wish we knew?” Then use tech to fill those gaps.

Final Thought: Technology Is Just a Tool—Leadership Is the Game Changer

At its core, technology is merely a tool; leadership makes the difference.

It takes courage to take risks and humility to learn from failures.

In Ghana, ambition and talent abound—we need bold visions from leaders who see technology as a bridge to the future.

Let’s build that future together!

Dominic Osei Asibbey Boachie has over three decades of experience leading IT strategy across the UK and Ghana.