On Tuesday, during the 30th Afreximbank Annual Meetings (AAM2023) held in Accra, the Governor of the Bank of Ghana emphasized the importance of utilizing digital platforms for fostering regional integration.
He highlighted the transformative impact of technology on industries globally, identifying three key avenues through which this can be achieved.
He emphasized the crucial role of reliable and affordable internet connectivity as the fundamental basis for the success of digital platforms. He called for collaborative efforts between governments and private sector entities to invest in broadband infrastructure, expand network coverage, and bridge the digital gap both within nations and across borders."
According to him, stakeholders have the ability to facilitate smooth connectivity, allowing businesses, entrepreneurs, and consumers to actively engage in the digital economy and take advantage of fresh trade and investment prospects.
He emphasized that Africa possesses a vibrant pool of talented entrepreneurs who are technologically adept, and it is crucial for us to foster and assist these digital innovators.
He suggested that financial institutions can empower start-ups and small and medium-sized enterprises (SMEs) by creating incubation centers, implementing mentorship programs, and granting access to funding. This support would enable these businesses to create innovative solutions that cater to the distinct challenges and requirements of the continent.
He observed that promoting entrepreneurship and innovation would lead to the creation of employment opportunities, enhance economic diversification, and also attract investments in vital sectors.
He emphasized that in order for individuals and businesses to fully utilize the capabilities of digital platforms, it is essential for them to possess digital literacy and proficiency.
He highlighted the need for educational institutions to collaborate with private sector organizations to develop and execute programs that would provide the youth and workforce with the essential digital skills and knowledge.
He noted that through investments in training and upskilling initiatives focused on digital programs, we can establish a workforce that is highly empowered and capable of driving innovation, productivity, and competitiveness.