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Bawumia Says His Government Will Set up Fintech Innovation Fund to Strengthen Digital Revolution

The Vice President noted that the initiative aims to harness technology's potential to enhance productivity and connectivity and empower individuals and businesses.

Vice President Dr. Mahamudu Bawumia says his government will be setting up a Fintech Innovation Fund to support startups and other fintechs, as part of efforts to bolster Ghana’s digital revolution.

Speaking on Monday at the Press Launch of the first 3i Africa Summit, the Vice President noted that the initiative aims to harness technology’s potential to enhance productivity and connectivity, empowering individuals and businesses.

“The objective is to ensure digital empowerment for a prosperous future in this accelerated digital era, where the use of modern and emerging technologies have become commonplace and a catalyst for growth, progress, and prosperity,” Dr Bawumia stated.

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The 3i Africa Summit, a fintech festival organised by the Bank of Ghana and its partners is set to take place in Ghana from May 13-15, 2024. Stakeholders are expected to hold discussions around unlocking Africa’s fintech and digital economy potential.

“The 3i Africa Summit, jointly developed by key stakeholders, aims to foster innovation, investment, and impact in Africa’s fintech and financial services sectors through transformative discussions and strategic actions,” Bawumia added.

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