By Benjamin A. Commey
Accra, March 18, GNA – Dr John Ofori-Tenkorang, the Director General of the Social Security and National Insurance Trust (SSNIT), has urged Ghanaian entrepreneurs and corporate executives to prioritize digital entrepreneurship to promote sustainable economic development.
He also told them to pursue innovation to overcome the challenges associated with digital entrepreneurship to take advantage of the opportunities that come with the digital economy.
Dr Ofori-Tenkorang highlighted the importance of digital entrepreneurship for a sustainable economic development during the 14th Ghana Entrepreneurs and Corporate Management Awards, in Accra at the weekend.
“If anyone ever doubted digital entrepreneurship as a tool for economic development, the answer would be to look at the COVID era and how it would have been almost impossible to live our lives without digital entrepreneurs and digitized products and services .
“Almost all businesses have been forced to migrate to digital platforms or strengthen existing ones,” he said.
The Awards were to recognise, celebrate and reward entrepreneurs and corporate executives who have contributed significantly to the socio-economic development of the country.
This year’s event was on the theme: “Promoting digital entrepreneurship as a tool for sustainable digital economic development”.
A total of 36 entrepreneurs and corporate executives, including some diplomats, were awarded.
Dr Ofori-Tenkorang noted that the impact of digital technology on businesses has been profound, stressing that it has enabled them (businesses) to reach wider markets, positively impacted efficiency, driven innovation and significant transformation across various sectors brought
However, he explained that this also brought stiff competition in the market due to barriers to entry.
“Now you can start a business from your bedroom. And because barriers to entry have been lowered, you need to be on top of your game. This therefore makes it challenging for entrepreneurs to differentiate themselves and gain recognition.
“It also brings cybersecurity threats such as data breaches, hacking, malware, ransomware. Protecting sensitive information and ensuring security protection of digital assets is a major challenge,” he added.
Entrepreneurs, Dr Ofori-Tenkorang said, must therefore find ways to navigate those challenges, adding that they must learn to adapt, innovate and effectively manage all those associated risks.
For the digital ecosystem to flourish, Dr Ofori-Tenkorang encouraged collaboration between the private sector, government and also called for various inter-institutional collaborations.
“We must work together with government, agencies, industries, stakeholders, academia and civil society organizations to promote support for digital entrepreneurship and sustainable economic development,” he said.
“We need to advocate for policies and regulations that support digital entrepreneurship and sustainability,” he added.
He encouraged them to promote initiatives within their organizations by providing access to digital tools and platforms such as payment platforms and user-friendly mobile applications for underserved communities to bridge the digital divide.
Some of the awarded categories were Ghana’s Greatest Entrepreneur of All Time Award 2023, which went to six entrepreneurs – Mr. Alex Apau Dadey, Executive Chairman, KGL Group; Dr. Osei Kwame, Executive Chairman Despite Group of Companies; Dr. Ernest Ofori Sarpong, Executive Chairman, Special Group of Companies; Dr Daniel McKorley founder and chairman, McDan Group; Mr. Moses Baiden Jnr., Founder and Chairman, Margins ID Group and Mr. Mukesh V. Thakwani, Founder and Chairman, B5 PLUS Group.
Others were: Outstanding Pharmaceutical Entrepreneur of the Year Award 2023, which went to Dr. Kofi Addo-Agyekum, Founder/Chief Executive Officer, Kofikrom Pharmacy Limited; Nana Akomea, Managing Director, Intercity STC Coaches Limited, Outstanding Chief Executive Officer of the Year Award 2023 (Transport Sector); Dr. Anthony Kwesi Aubynn, Chairman of the Board, ARB Apex Bank PLC and Amenfiman Rural Bank PLC picked up the Outstanding Board Chairman of the Year Award 2023 (Private Sector).
Mr. Bice Osei-Kuffour, Managing Director, Ghana Post Company Limited, also presented the Award for Most Innovative Chief Executive Officer of the Year 2023, while the Lifetime Achievement Award 2023 (Public Sector) went to Ms. Elizabeth Akua Ohene, Council Chairperson, went. from SSNIT.
Mr Jean Claude Galea Mallia, Maltese High Commissioner to Ghana, was also awarded the Outstanding Ambassador of the Year Award 2023.
GNA
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