Bawumia: “Digital economy key to unlocking Africa’s vast potential”

Tetteh Nyogmor
3 Min Read
Dr Bawumia lost Ghana's 2024 presidential election and conceded way ahead of an official declaration by the Electoral Commission to the admiration of Ghanaians and the international community

The Fourth Industrial Revolution is Africa’s opportunity to catch up with the rest of the world by unlocking the continent’s potential, Ghana’s former Vice President Mahamudu Bawumia has recognised.

Keynoting at Harvard University on Saturday, 15 February 2025, on the theme: “Africa Beyond Borders: A Myth or a Mandate for Africa’s Progress,” Dr. Bawumia said Africa must not miss out on the Fourth Industrial Revolution like it did the previous ones.

“Africa missed the first industrial revolution which saw the transition from manual small-scale production to mechanised production in agriculture and goods like textiles, mostly powered by steam and coal energy.  Then we missed the second industrial revolution where the widespread use of electricity powered mass production and assembly lines. The third industrial revolution, which was set off by the introduction of computers, also did not see Africa jump on and develop like others,” Dr. Bawumia said.

“We are now in the fourth industrial revolution where the technologies have come together in a global network to create the internet, which is the greatest machine ever created by mankind, and using that to also energise tools and equipment to make them ‘smart’ to create the internet of things (IOT), and Artificial Intelligence (AI), which have opened up amazing possibilities with no end in sight.”

“For us as a continent, the key lesson from our past experiences and those of others, developed and developing, is the awareness of the importance to recognise when something qualitatively new is going on, and for the will to face what’s new – to act boldly, decisively, yet cooperatively.”

“Policymakers in Africa must act with a mindset of possibilities. We should embrace technology and not be intimidated by it. We must believe that we can leapfrog the advanced nations in many areas if we put our minds to it,” the former Vice President added.

“Let me conclude by saying that the digital economy holds the key to unlocking Africa’s vast potential and creating jobs for the youth. By working together – governments, businesses, educators, and innovators – we can build a future where every African has the opportunity to thrive and contribute to a brighter tomorrow.”

 

 

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