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President Akufo-Addo underscored Ghana’s dedication to investing significantly in technology-driven education, vocational training, and entrepreneurial development to tackle current challenges and create tangible opportunities for the country’s youth while instilling confidence.
Speaking at the 3i Africa Summit at the Accra International Conference Centre, President Akufo-Addo emphasized the critical importance of broad skill recognition and digital literacy for the youth. He highlighted the necessity for young people to possess the confidence and capabilities to navigate the financial ecosystem effectively. Despite these efforts, the President cautioned against complacency and stressed the need for sustained work to achieve meaningful progress.
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The President emphasized the priority of investing in digital infrastructure, reallocating resources to underserved communities affected by the rapid pace of development, and closing the digital divide that prevents many Africans from participating fully in the global economy. He highlighted the importance of collaborative partnerships involving government, financial institutions, tech firms, and development agencies to develop innovative solutions and strategic initiatives that will pave the way towards a more prosperous and equitable future.
President Akufo-Addo announced a significant milestone in securing a memorandum of understanding for a $200 million facility to support Small and Medium Enterprises (SMEs). These funds, facilitated by the Minister of Finance in collaboration with the President of the ECOWAS Bank for Investment and Development (EBID), will be disbursed to SMEs through the Ghana Commercial Bank and the Ghana EXIM Bank.
Furthermore, the President emphasized the pivotal role of financial technology (fintech) in facilitating the efficient allocation of funds to SMEs and tracking their growth trajectory. This integrated approach underscores Ghana’s commitment to leveraging technology and strategic partnerships to drive economic growth, foster entrepreneurship, and empower its youth population with the necessary skills and resources for success in a rapidly evolving global landscape.
