Ghana is set to host the inaugural 3iAfrica Summit, a three-day event aimed at promoting digitalisation and technology in the financial sector to enhance inclusion. The summit, a collaborative effort between the Bank of Ghana, Development Bank Ghana, and the Monetary Authority of Singapore, is expected to attract around 4,000 business executives from approximately 80 countries.
Themed “Unleashing Africa’s FinTech and Digital Economic Potential,” the summit will focus on transforming Africa’s economic landscape through sustainable, long-term capital allocation. The event will provide a platform for policy discourse, global alignment of intellectual resources, entrepreneurial endeavours, and investment networking.
According to Kwame Oppong, Director of Fintech and Innovation at the Bank of Ghana, the summit aligns with the Bank’s goal of supporting development in Africa. “Digitalisation can drive innovation and growth on the continent. The right investment can scale to provide services both locally and internationally,” he emphasized.
The summit will also explore topics such as artificial intelligence (AI), its practical applications, and responsible use to protect consumer data. Additionally, discussions will focus on agricultural technology and its potential to improve Ghana’s agricultural sector.
The Bank of Ghana believes that technology adoption in the financial sector can enhance the delivery, efficiency, convenience, and inclusivity of financial services in Africa. The summit aims to provide a platform for stakeholders to deliberate on ideas for creating a sound and safe financial system, attracting a large number of participants from around the world.
Oppong highlighted that the summit will address practical issues, such as the responsible use of AI in daily life and its potential to positively impact small and medium-sized enterprises (SMEs) and the agricultural sector. “We’ll have discussions on agricultural technology to improve productivity and focus on SMEs, including how AI can help them access loans without collateral, a significant challenge for our SMEs.”
