President Nana Addo Dankwa Akufo-Addo delivers a compelling call to action at the 3i Africa Summit, urging African governments to prioritize support for small and medium enterprises (SMEs) to foster innovation and drive economic growth. Speaking to over 4,000 participants, including government officials, industry leaders, and entrepreneurs, President Akufo-Addo emphasizes the critical role of SMEs in job creation and economic development across the continent.

The three-day summit, themed “Unleashing Africa’s Fintech and Digital Economic Potential,” serves as a platform for dialogue and collaboration on harnessing Africa’s fintech capabilities. Organized by the Bank of Ghana, Development Bank Ghana, and the Monetary Authority of Singapore (MAS) subsidiary, Elevandi, the event draws attention to the transformative power of technology in shaping Africa’s economic landscape.

President Akufo-Addo underscores the importance of creating an enabling policy environment to support SME growth, including access to finance, investment in infrastructure, and technology adoption. He highlights the need for governments to prioritize research and development while nurturing a culture of entrepreneurship and creativity.

Diverse participants, including the Prime Minister of Grenada, Dickon Mitchell, and the Secretary-General of the African Continental Free Trade Area (AfCFTA), Wamkele Mene, converge to explore innovative solutions and best practices in fintech and digital economics. Ministers of Finance, central bank governors, and private sector leaders from across Africa engage in over 15 sessions covering more than 60 topics aimed at driving momentum and progress in the fintech sector.

As the summit progresses, participants collaborate to identify actionable pathways for leveraging Africa’s fintech potential, with a focus on inclusive growth and sustainable development.

President Akufo-Addo’s impassioned plea for SME support resonates throughout the summit, inspiring stakeholders to work collectively towards unlocking Africa’s economic prosperity through innovation and entrepreneurship.

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