Engineering Ghana’s Future: The Impact of Emerging Technologies and Digital Transformation
Abstract
Emerging technologies continue to reshape the global marketplace, providing new opportunities for businesses and societies to adopt emerging digital technologies. These technologies offer innovative and business executives a chance to leverage the technology in creating and transforming their organizations in the digital world. Like many emerging economies, Ghana recognizes the crucial role that adopting new digital technologies plays in a country's competitiveness and growth. The importance of digital transformation in Ghana's development has been acknowledged in various policy and development frameworks. The broadband policy states that enhancing the national broadband ecosystem is necessary for developing and deploying broadband networks and services in all sectors of the economy. In addition, the digital innovation and entrepreneurship centre at the Institute of Technical Training and Innovation aims to provide a turnkey facility for training and up-skilling inspiration and facilitate technology transfer and knowledge sharing with local industry and operators. The government’s policy direction is aimed at demonstrating leadership in embracing innovation, entrepreneurship, and digital adoption. Historically, the role of infrastructure, skills, and software in digital transformation has been examined based on secondary information from sources. The role of emerging technologies in socioeconomic development has been highlighted, especially in infrastructure projects. With an increasing desire for technology-driven economies globally, Ghana is taking huge strides to position itself as a significant player in the league of technology-driven economies. These strides come in the form of policies that stimulate innovation, accelerate the adoption of emerging technologies, and create conducive environments for the growth of innovative enterprises. This study identifies the key dimensions of digital transformation and prepares a question for face-to-face interviews with industry and government stakeholders in Ghana. In doing so, an in-depth and original analysis of the role and prospects of digital transformation in Ghana is provided. This industry is nascent, and there is no similar research on adopting new and emerging digital technologies in Ghana. In terms of challenges, it was pointed out that the penetration of advanced technologies in the industrial and private sectors in Ghana is very limited. Inadequacies of relevant infrastructure, outdated technology, lack of skilled manpower, and huge power constraints widen the gap. The study emphasized that there is a need to proactively foster the export base towards an increased sophistication level. Nevertheless, an important condition is the accumulation of human capital, which in part is related to technology transfer.