The International Monetary Fund (IMF) says that Ghana is among the emerging market economies most prepared to adopt Artificial Intelligence (AI). In a new report on AI Preparedness Index (AIPI), which maps the world’s readiness for AI and evaluation of the level of AI preparedness in 174 countries released this week by the IMF stated that the AIPI Dashboard tracks these economies based on their digital infrastructure, human capital, labour policies, innovation, integration, and regulation, the financial agency said in a statement. According to the IMF, each aggregate dimension (digital infrastructure, human capital and labour market policies, digital innovation and economic integration, regulation and ethics) is the simple average of its normalized subcomponents and that the AI Preparedness Index is then derived as the simple average of the four aggregate dimensions on a scale of 0 to 1. It added that the index is computed for 32 advanced economies, 56 emerging market economies, and 37 low-income countries. And with a score of 0.43, Ghana placed third on the list of emerging market economies behind Kenya (0.45) and Rwanda (0.44). The report by Daily Graphic on Friday quoted he IMF report as saying that South Africa was listed as the most prepared African country to adopt AI with an index score of 0.5, while Nigeria was among the list of unprepared countries with an index score of 0.34, despite recently unveiling its AI strategy and launching its first Multilingual Large Language Model (LLM) in April. The IMF report noted that while AI can increase productivity, boost economic growth and raise incomes, it could also wipe out millions of jobs and widen inequality. The IMF’s research in January showed that AI could endanger 33% of jobs in advanced economies, 24% in emerging economies, and 18% in low-income countries. “But, on the brighter side, it also brings enormous potential to enhance the productivity of existing jobs for which AI can be a complementary tool and to create new jobs and even new industries,” the report said.