Embrace ‘tech-infusion’ growth strategy – World Bank urges

The World Bank's 2024 World Development Report urges middle-income countries like Ghana to adopt technology-driven growth strategies to escape the 'middle-income trap.'

It emphasizes integrating technologies such as AI, automation, and biotechnology into key sectors like manufacturing, agriculture, and healthcare.

Ghana must shift from traditional investment-focused approaches and foster private investment while managing public debt. The report outlines two key strategies: combining investment with technology infusion ('2i') and progressing to innovation ('3i').

Experts like Prof. Peter Quartey stress intentional policies, value addition, and long-term development plans to drive Ghana's economic transformation.

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