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Business News of Friday, 25 January 2019


Invest in knowledge to grow wealth – Minister to Entrepreneurs

Deputy Minister for Communications, Vincent Sowah Odotei play videoDeputy Minister for Communications, Vincent Sowah Odotei

Deputy Minister for Communications, Vincent Sowah Odotei, has advised entrepreneurs to invest in knowledge in this digital revolution era to grow wealth as government creates an environment to promote their businesses.

Speaking at the launch of Forbes8 App in Ghana, the minister noted that government is embarking on an ambitious infrastructure development programme for the ICT sector with national broadband infrastructure and total connectivity for the unserved and underserved.

“Technology is impacting every area of our lives and forcing us to rethink old systems and innovate daily. Building strong entrepreneurial skills through the use of a digital channel like Forbes8 will position Ghanaians to take advantage of the opportunities provided” he said.

Vincent Sowah Odotei added that his ministry is deploying the use of internet and mobile technologies for efficient delivery of public and private sector services, therefore, it is very exciting for Forbes to choose Ghana as their first country in Africa to introduce this game changer to inspire Ghanaians for better economic gains.

This, he believes will provide an opportunity to accelerate inclusive growth across the region. Mobile technology contribution to Africa’s GDP is expected to rise to $142 billion which is equivalent to 8.6% of GDP by 2020 and Ghana as a country must reap the rewards of the digital revolution.

“In order to fully reap the benefits of the digital economy for Ghana, we need to effectually pool resources. This digital app offers an excellent opportunity for innovators, technical experts, business start-ups and all other great minds to launch and grow in their business” he stressed.

The Minister reiterated that his ministry is working to address the risks and challenges the digital landscape presents including cybersecurity and privacy.

“We stand ready to work with Forbes and other organisations to implement solutions to any emerging challenges. In recent times our country has implemented far-reaching measures to reduce the menace of cyber fraud and it is succeeding,” he stated.

Forbes is a global media, branding and technology company, with a focus on news and information about business, entrepreneurship, investing, technology, leadership and lifestyles.

Reaching 150+ million people each month across several platforms and industries, the company provides influential leaders, consumers and millennials with critical business insight and unparalleled access to the world’s most powerful people.

Throughout its 100-year history, Forbes has managed to remain true to the brand’s long-standing mission of championing entrepreneurial capitalism while reinventing its business for the modern-day audience.

Forbes’ new platform, the Forbes8 Network; a digital channel is aimed at improving lives and business processes.

The platform will be an app-based service which will allow users to log in to watch, listen to seminars, interact with business leaders and provide an opportunity to be mentored by leading business executives.