The Bank of Ghana (BoG) and the Development Bank Ghana (DBG), in collaboration with Elevandi, established by the Monetary Authority of Singapore, have launched the upcoming 3i Africa Summit.
The 3i Africa Summit serves as an innovative global gathering, bringing together influential figures from Africa’s financial, investment, and policy-regulatory domains.
This event would not only facilitate crucial dialogues but also nurture impactful partnerships and deals, actively promoting supportive policy and regulatory frameworks and serving as a beacon of innovation.
The summit is themed “Unleashing Africa’s Fintech and Digital Economic Potential: From Innovation to Impact: Engaging in Africa’s Financial Sector to drive Africa’s transformation”.
At the launch in Accra on Monday, February 26, notable attendees included the Vice President of the Republic of Ghana, H.E Alhaji Dr Mahamudu Bawumia, Minister for Finance Dr Mohammed Amin Adam, Governor of the Bank of Ghana, Dr Ernest Addison, among others.
Speaking at the launch, Kwame Oppong, Head of FinTech and Innovation at the Bank of Ghana, emphasized the BoG’s role in leveraging its convening power to bring together all stakeholders for collaborative discussions. He highlighted the summit’s unique approach in uniting investors, policymakers, and innovators to foster coordination and promote optimal policies in the financial sector.
“…as you would also notice often some of these summits are either dealing with one or two different stakeholders that I mentioned and so what it means is we continue to see the lack of full coordination across the centre. Now we are bringing it all together so that investors can bring their concerns and interests to policymakers who will in turn be able to understand and fashion out optimal policies that can promote the sector. And on the other hand, as well, innovators also being present to directly engage with the policymakers, not just in a regulatory perspective but to really share ideas and brainstorm as to how we achieve our impact,” he said.
Scheduled for May 13th to 15th, 2024, the Summit will serve as a comprehensive platform for policy discourse, global alignment of intellectual resources, entrepreneurial endeavors, and investment networking. Focusing on the African digital economy sector, including FinTech, the summit aims to catalyze investments and foster economic growth throughout the continent.
During his speech, Minister for Finance, Dr. Mohammed Amin Adam, recognized the critical role of innovative digital solutions in shaping Ghana’s financial landscape. He also acknowledged platforms like the 3i Africa Summit for paving the way toward greater economic prosperity and inclusivity.
Vice President of the Republic of Ghana, Dr. Mahamudu Bawumia for his part, noted that the summit aligns with the government’s pursuit of a digital transformation agenda which forms part of its economic strategy at individual and institutional levels.
“The objective of this digital transformation agenda is to enjoy digital empowerment for the prosperous future in this digital era where the use of modern and emerging technologies have become commonplace and a catalyst for growth, progress and prosperity,” he added.
The summit’s commitment lies in spotlighting the vast potential and opportunities within the African digital economy and FinTech landscape. Its mission is to attract investment capital globally, fostering growth and development in this dynamic sector.
Through engaging regulators and policymakers, the summit aspires to ignite the creation of progressive policies and robust regulatory frameworks that will effectively promote the growth and long-term sustainability of the sector.
Dedicated to cultivating a vibrant culture of innovation, the summit aims to offer robust platforms for the exchange of ideas, contributing to ingenious solutions tailored to address Africa’s distinctive challenges and capitalize on its abundant opportunities.
