The Ghana CEOs Summit which is a major gathering of Chief Executives and Captains of Industry will push for a Digital Economy Act this year.

The act according to the Executive Officer of the Ghana CEOs Network has become necessary due to the growing space of digital solutions introduced in the economy.

Speaking to Joy Business after the launch of this year’s event in Accra, Ernest De-Graft Egyir hinted that such a law will help facilitate the government’s digitalization agenda.

“We have laws guiding other sectors of the economy and many policy directives, and looking at how digital transformation has become critical to the other sectors of the economy, we need a single law to move the digital economy forward”.

He further said “the changes we’ve already seen in response to COVID-19 has emphasized the need for a swift reset of all aspects of our economy; from education to social contracts and working conditions etc. and this will require stronger and more effective government and private sector engagement”.

He added: “the pandemic represents a window of opportunity to reflect, reposition, and reset our economy to create a healthier, more equitable, and more prosperous future. The reality is that the effects of the pandemic on the economy will play out in a complex and hard-to-predict manner.”

However, Mr. Egyir is optimistic digital technologies have the potential to enable new value for everyone.

The CEOs Summit over the years has influenced many policy measures to the benefit of the business community in the country.

As this year’s edition focuses on the digital economy, captains of industry will expect a sustainable policy drive that will respond to the disruptions caused by the covid-19.

According to Mr. Egyir, a digital economy act will ensure that all digital interventions are aligned with the vision of the country.

BoG’s digitalization agenda

Speaking on interventions by the Bank of Ghana, First Deputy Governor of the Bank of Ghana, Dr. Maxwell Opoku-Afari said the regulator has issued a three tier digital merchant account to facilitate acceptance of digital payments between small and medium enterprises and their customers.

According to him, the regulatory environment has been revamped for a more competitive and innovative industry that is better positioned to serve the diverse digital financial services needs of individuals, businesses and government.

This will subsequently create a competitive environment for FinTechs.

“These projects have laid a solid foundation for businesses to receive and make digital payments that are convenient and safe by engaging relevant entities licensed by Bank of Ghana”, First Deputy Governor, Dr. Maxwell Opoku-Afari said at the launch of 5th CEO Summit.

The theme for the summit which is slated for May 17th 2020 is Digital Transformation; Powering Business and Government Reset for a Post Pandemic Economic Resilience.

The Ghana CEO Summit  

Founded in 2016, the Ghana CEO Summit is the foremost business conference for decision makers, CEOs, Heads of State, entrepreneurs, business leaders, shareholders, investors, ministers, heads of financial institutions, top consultants and Policy Makers.

Since 2016, the summit has gathered more than 2000 Ghanaian and international game-changers each year to explore and set Ghana’s business agenda.

The Ghana CEO Summit is committed to unlocking Ghana’s economic potential by offering concrete, innovative and actionable solutions, championing private-sector led growth, leading discussions around innovative public policies and best growth-oriented business practices to help the country move forward, build resilient companies and outstanding CEOs.

The summit adopts Plenary Sessions, Deal Rooms, Corporate Presentations and Open Fora for lively thought-provoking themed discussions among peers moderated by a seasoned industry lead in a high-quality setting conducive for doing business.

The Ghana CEO Summit has established itself as a unique thought leadership platform for high-level business meetings, thought provoking discussions, sharing experiences, exploring business opportunities, brokering partnerships, networking and identifying trends affecting the business world. It brings you the best in expert opinion, updates and analysis of Ghana’s economic transformation and the essential role of the country’s private sector.