Ghanaian businesses that fail to integrate artificial intelligence (AI) into their operations could gradually lose their competitive edge as technology-driven enterprises deliver products and services faster, more efficiently and at lower costs, the Chief Executive Officer of Agri Impact Limited, Mr Daniel Fahene Acquaye, has warned.
He said AI was rapidly changing the way businesses operate by reducing the time required to complete routine tasks, improving productivity and allowing enterprises to deploy their resources more efficiently.
Speaking at the Apostolic Business Leadership Summit 2026, Mr Acquaye, who is also Chairman of the Apostolic Professionals Network, urged both small and large businesses to move beyond viewing AI as an emerging technology and begin treating it as a critical business productivity tool.
He said businesses that failed to adopt AI could eventually struggle to compete with companies that use the technology to improve efficiency, pricing and the quality of their products and services.
“If you have an enterprise on your business and you don’t begin to use AI in your business, then know that in some years to come, you will gradually be fading out of business,” he cautioned.
Mr Acquaye said the benefits of AI were already evident in routine business activities, including documentation and administrative work.
He cited meeting minutes as an example, explaining that a task that previously required several days could now be completed within minutes using AI-powered tools.
“AI is bringing efficiency. AI is making us reduce the time that we spend,” he said.
He dismissed concerns that AI adoption would necessarily result in fewer jobs, arguing that previous technological transformations had also created new employment opportunities.
According to him, the key issue for businesses should be how to equip employees with the skills needed to work effectively with emerging technologies.
He therefore encouraged SMEs, in particular, to identify areas of their operations where AI could reduce costs, improve customer service, increase productivity and support better decision-making.
Mr Acquaye said Ghanaian businesses needed to embrace technology as part of their long-term growth strategy rather than wait until competitors had already gained an advantage.
He noted that businesses seeking to move from survival to scale would need to combine technology adoption with stronger management systems, productivity improvements and investment in human capital.
The summit brought together business leaders and professionals to discuss enterprise growth, business sustainability, productivity, compliance and the use of technology to strengthen Ghanaian businesses.
