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    Accra, GHANA: A woman holds 03 July 2007 in Accra a wad new currency, the new cedi, that Ghana put in circulation that day, although the old money will still be valid until the end of the year. Currently, the cedi is one of the least valued currencies in Africa: 9000 cedis equal one US dollar.   Ernest Addison, head of research at the Bank of Ghana, assured in November 2006 that the changeover was not a revaluation nor devaluation, and will not affect foreign exchange.  AFP PHOTO / ISSOUF SANOGO (Photo credit should read ISSOUF SANOGO/AFP/Getty Images)

    Local currency crosses ¢10 to one dollar mark on retail market

    VEPEAG, GAVEX partner to boost vegetable production, exports in Ghana

    VADUG members resist implementation of Customs Amendment Act

    AUDA-NEPAD holds workshop for Youth and Media on AU Year of Nutrition

    Cost of credit to further go up as Bank of Ghana raises policy rate to 22%

    PURC justifies upward review of utility tariffs

    Emergency MPC meeting: Goldman Sachs projects 200 basis points hike in policy rate

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    VEPEAG, GAVEX partner to boost vegetable production, exports in Ghana

    VADUG members resist implementation of Customs Amendment Act

    Cost of credit to further go up as Bank of Ghana raises policy rate to 22%

    Emergency MPC meeting: Goldman Sachs projects 200 basis points hike in policy rate

    MTN Ghana introduces voucher distribution denomination change to prevent price disparity

    BoG, UG partner to improve research in Ghana’s financial sector

    BoG, EOCO deepen collaboration to build robust financial sector

    Cedi Depreciation: Government urged to enforce laws on pricing in dollars

    Assistant Director, Fintech and Innovation, BoG, Clarence Blay

    E-cedi will not affect MoMo business – Bank of Ghana

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    MTN Ghana introduces voucher distribution denomination change to prevent price disparity

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    Vodafone agrees sell stake in Ghana’s business to Telecel

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    IIPGH to enter coding education partnership with Telecoms Chamber

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    Accra, GHANA: A woman holds 03 July 2007 in Accra a wad new currency, the new cedi, that Ghana put in circulation that day, although the old money will still be valid until the end of the year. Currently, the cedi is one of the least valued currencies in Africa: 9000 cedis equal one US dollar.   Ernest Addison, head of research at the Bank of Ghana, assured in November 2006 that the changeover was not a revaluation nor devaluation, and will not affect foreign exchange.  AFP PHOTO / ISSOUF SANOGO (Photo credit should read ISSOUF SANOGO/AFP/Getty Images)

    Local currency crosses ¢10 to one dollar mark on retail market

    VEPEAG, GAVEX partner to boost vegetable production, exports in Ghana

    VADUG members resist implementation of Customs Amendment Act

    AUDA-NEPAD holds workshop for Youth and Media on AU Year of Nutrition

    Cost of credit to further go up as Bank of Ghana raises policy rate to 22%

    PURC justifies upward review of utility tariffs

    Emergency MPC meeting: Goldman Sachs projects 200 basis points hike in policy rate

    MTN Ghana introduces voucher distribution denomination change to prevent price disparity

    BoG, UG partner to improve research in Ghana’s financial sector

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    VEPEAG, GAVEX partner to boost vegetable production, exports in Ghana

    VADUG members resist implementation of Customs Amendment Act

    Cost of credit to further go up as Bank of Ghana raises policy rate to 22%

    Emergency MPC meeting: Goldman Sachs projects 200 basis points hike in policy rate

    MTN Ghana introduces voucher distribution denomination change to prevent price disparity

    BoG, UG partner to improve research in Ghana’s financial sector

    BoG, EOCO deepen collaboration to build robust financial sector

    Cedi Depreciation: Government urged to enforce laws on pricing in dollars

    Assistant Director, Fintech and Innovation, BoG, Clarence Blay

    E-cedi will not affect MoMo business – Bank of Ghana

  • TECHNOLOGY

    MTN Ghana introduces voucher distribution denomination change to prevent price disparity

    We’re ready to re-engage gov’t on acquisition of Vodafone shares – Telecel

    New deadline for SIM re-registration too short – MoMo agents association

    Extend SIM card re-registration exercise to January 2023 – MoMo agents

    Vodafone agrees sell stake in Ghana’s business to Telecel

    Telecoms Chamber and IIPGH advocate sustained coding education

    IIPGH to enter coding education partnership with Telecoms Chamber

    PayAngel joins Microsoft for Startups Founders Hub

    Node 8, HTU hold first edition of Node X in Ho

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    AUDA-NEPAD holds workshop for Youth and Media on AU Year of Nutrition

    Agribusiness entrepreneurs must take advantage of AfCFTA – ADB MD.

    Inflation, debt, and forex crisis is pushing many African economies to the brink – IMF warns

    African countries that could follow Sri Lanka into economic chaos

    Africa’s internet economy to cross $180 billion by 2025: Report

    Regional economic cooperation needed to enhance Africa’s competitiveness – Bawumia

    Ivory Coast is set to receive $26.1 billion worth of development finance from 4 lenders, the EU and France

    Gulf central banks, Bank of England raise policy rates after Fed hike

    US Fed meets inflation surge with 75bp hike

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#CitiBusinessFestival: Preparing for digital revolution – Ehi Binitie offers tips for businesses

June 11, 2020
in TECHNOLOGY, Top Stories
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Two areas have been identified as the pivot by which firms with a vision to stay in business post-COVID-19 must begin paying critical attention to.

For such organizations, instituting plans for survival while investing in the right skills set to meet the emerging trends in the digital space is the panacea to revamp their operations.

Chief Executive Officer (CEO) of Clear Space Labs, Ehi Binitie, gave these tips when he spoke on the topic, ‘Digital: The Future of Business’ on the Citi Business Festival on-air series on Thursday.

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He believes that the nature of business operations after the pandemic will be dependent on how business owners surmount the challenges and take advantage of the ‘new normal’.

Here are his two top-focus-areas for businesses to meet the future of their business digitally.

1. Survival: There have been shocks, constrictions of cash, and tellability of clients to make payments and meet their obligations. So at that point, everybody is thinking of the useful ways to salvage the organization at this point in time. So a certain amount of discipline, prudence and tough decision-making in the short-term is important. In the short term, it’s important to manage cash properly, take a closer look at finding better ways of how to sell and take advantage of the internet tools to enable people stay in touch with their customers even though levels of mobility have decreased.

2. New skills training: So there is fundamentally skill set training which needs to evolve. Organizations need to spend time to invest in the right people to improve these skills set – the nature of work, the policy of working from home, the ability to measure culture and organizational discipline and excellence in an environment where people are in different locations.

3. There are disciplines which have been mastered by many of the world’s leading digital companies and the challenge is for everybody else to catch up with that because where it used to be a preserve of a small few; everybody else has to work like this. So the lessons learnt from much bigger organizations and the tools they use are new tools that we all have to learn and equip ourselves with.

4. There is a lot of learning for everybody from leadership to everyone. How do you motivate and keep teams and team culture for people who are in different geographical location? How do you ensure that they have good wellness and work-life balance? There is a lot of new learning for everybody at this point and I think that is really where it has to start from- the new skills we all need to pick up and empower our workforce.

The 2020 edition of the Citi Business Festival has a line-up of radio and TV discussions.

It is featuring virtual business fora that would be live on Citi TV.

The month-long festival of business events and on-air activities provides inspiration, business ideas, and information for persons who are starting, building or growing their businesses.

This year’s edition of the Citi Business Festival is sponsored by Absa Bank, GIPC, Citi 97.3FM and powered by Ghana’s most comprehensive business news website; citibusinessnews.com.

Source: Nii Larte Lartey / citinewsroom.com
Tags: Citi Business FestivalDigitization
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