The Reverend Dr Lawrence Tetteh, Founder and President, World Miracle Outreach, has encouraged future leaders to build strong institutions and develop the required human capital to help Ghana achieve sustainable economic progress.

He said nations advanced with “visionary leadership”, therefore, upcoming leaders must “prioritise long-term national goals over short-term political gain” to help transform the country.

Dr Tetteh was speaking at the 2024 National Emerging Leaders Economic Forum, organised by VODEC Africa.

It was on the theme: “Leading for Sustainable Economic Growth in a Multipolar World: The Role of Emerging Leaders in Election 2024 in Ghana”.

More than 2,000 participants are expected to participate in-person and from virtual platforms across the globe to hear from thought leadership in academia, industry, governance, business among others.

The participants, mainly the youth, are expected to be inspired and mentored to aspire for excellence in the various disciplines to impact their societies positively.

Emphasising the imperative of good leadership, Rev Dr Tetteh cited countries such as South Korea and Singapore that were transformed as result of progressive leadership, efficient management and innovation, and urged upcoming leaders to be inspired by such qualities.

“As we approach Election 2024, Ghana’s emerging leaders have a vital role to play in shaping the country’s future. Leadership is not about holding power but about serving the people and making decisions that benefit all,” he stated.

“By fostering inclusive governance, encouraging innovation, and promoting good management practices, Ghana can escape the cycle of underdevelopment and emerge as a strong player in the multipolar world,” he stated.

The economist and renowned evangelist identified strategies such as investment in education, innovation and entrepreneurship, institutional reforms, expansion of sectors, such as technology and advanced manufacturing, as some approaches future leaders could adopt to speed up national development.

He expressed the belief that Ghana’s challenges were not due to lack of resources but inefficient management, and thus new leaders must be willing to change the narrative.

“Countries like Ghana experienced intense competition for global manufacturing demand but lacked the public infrastructure and governance needed to capitalise on foreign investments and technological advancements.

“Emerging leaders in Ghana must avoid the mistakes of the past and focus on creating the fundamental conditions, such as strong institutions and human capital development that will allow Ghana to thrive in the global economy,” he said.

Dr Tetteh expressed optimism that when young people “lead with vision, integrity, and a commitment to sustainable growth,” the nation could “rise to meet the challenges and opportunities of the global economy.”

“Leadership that recognises and directs capital where it can have a broader societal impact will drive long-term economic growth.

Sustained innovation depends on the ability to embrace change, even when it threatens existing political or economic privileges,” he added.