"Artificial Intelligence and Economic Development in Ghana: Assessing the Role of Government Policy and Regulation"

Artificial intelligence (AI) is rapidly transforming economies worldwide, with profound implications for economic development in the Global South. Various questions arise regarding whether these changes will positively or negatively impact the economy and individuals worldwide. In this thesis, I examine how Ghana has implemented AI and utilized it to generate economic growth for all members of its society. I argue that through government regulation and framework Ghana was able to maximize the benefits AI has to offer while also minimizing the various risks it may bring. Ghana is a perfect example of how a country in the Global South despite a lack of resources (in comparison to the Global North) can facilitate equal growth through technological innovation. AI was successful in increasing employment and productivity while also decreasing socioeconomic disparities. This means that not only was Ghana successful in creating wealth but also in ensuring that all groups of society benefitted from these changes. Other countries in the Global South have the opportunity to follow Ghana’s lead and utilize AI to help raise their standards of living and allow them to catch up to those in the Global North. I recommend that countries emphasize education and equality. It is essential that countries ensure all members of society benefit from AI not only the wealthy/elite. Countries should create education plans that provide resources to all socioeconomic groups so they can learn how to work with and use AI to help them easily adapt to the new digital economy. This will not only allow them to increase productivity but mitigate the risk of them be replaced by technology. While AI does pose risks in terms of exploitation and inequality, through government policies and regulation the growth opportunities are endless.