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Effective policies essential to unlock AI potential [Video]

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Dr. Maxwell Opoku-Afari, First Deputy BoG Governor

The First Deputy Governor of the Bank of Ghana (BOG), Dr. Maxwell Opoku-Afari, has underscored effective policies in emerging countries as a significant factor in harnessing the potential of Artificial Intelligence (AI) and mitigating its associated risk.

According to him, for countries under this category – including Ghana, such policies must also lay a strong foundation to ensure that citizens embrace AI-related initiatives.

“To harness the full potential of AI while mitigating its risks, it is important to focus on implementing policies that would lay a solid foundation for effective adoption of AI solutions,” he said.

He made this assertion during his keynote address at the 2nd Emerging Countries International Conference on Business, Finance and Economics under the theme ‘The Intersection between AI, Productivity and Growth in Emerging Countries’.

A recent study by the International Monetary Fund (IMF) indicates that AI exposure in advanced economies is 60 percent, while emerging markets and low-income countries are expected to be 40 …

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