Accra, Ghana – Ghana launched the first-ever 3i Africa Summit on Monday, a fintech festival aimed at driving innovation, investment and impact for Africa’s fintech and financial services sectors.
Vice President Dr. Mahamudu Bawumia officiated the summit’s press launch under the theme “Innovation, Investment, Impact.” ,
The event served to formally announce the upcoming summit, scheduled for May 13-15, 2024 at the Accra International Conference Center.
Speaking at the event held in GhiPss Head Quarters, Dr Bawumia reminded “all stakeholders that a major key to Africa’s digital revolution is fintechs, who provide the ecosystem necessary for innovation and the means to pay for it”.
The 3i Africa Summit is an initiative jointly developed by the Bank of Ghana, the Monetary Authority of Singapore, Development Bank Ghana, and Elevandi. It aims to spearhead transformative discussions, address key growth opportunities, and explore how players are pioneering digital transformation in finance.
“Such Summits as 3i provide important opportunities for collaboration and peer-learning, bringing together all the stakeholders and players to brainstorm and think through how we leapfrog and transition Africa into the digital revolution, the vice president said.
Digital transformation is an inevitable necessity, an appropriate system, a flexible response to emergencies, challenges and needs, and a means used to achieve economic and social development. What is clear in the digitalization journey thus far is that most of the digitalization that we are seeing is homegrown. “
The summit will host various heads of state, policymakers, investors, and financial leaders from across Africa and beyond. It represents a platform for policy discourse, aligning intellectual resources, fostering entrepreneurship, and enabling investment networking.
The target audience is primarily Africa’s digital economic sector, including fintech, with the goal of catalyzing investments to drive economic growth and build global partnerships for sustainable development.
Vice President Bawumia emphasized the vital role of fintech in Africa’s digital revolution. The government announced a new Fintech Innovation Fund to support startups and fintechs.
“In recognition of this, Government will be setting up a Fintech Innovation Fund to support startups and other fintechs, ” he added.
With this inaugural summit, Ghana underscores its commitment to positioning itself as a regional fintech leader.
