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Ghana set to generate $1.3 million by hosting Africa Fintech Summit

Eugene Okyere by Eugene Okyere
6 months ago
in Tech
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Ghana set to generate $1.3 million by hosting Africa Fintech Summit
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Ghana is poised to boost its economy by hosting the 14th Africa Fintech Summit (AFTS) from October 8th to 10th, 2025, in Accra.

With over 1,500 delegates expected from across the continent, the summit is projected to generate approximately $1.3 million for the Ghanaian economy through hotel bookings and various related activities.

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Mr. Foster Awintiti-Akubi, Head of Partnerships and Government Relations for the Africa Fintech Summit, highlighted the significant economic benefits during an event organized by the Ghana Investment Promotion Centre (GIPC) in Accra.

He emphasized that hosting this prestigious fintech event underscores Ghana’s growing status as a financial technology hub in Africa.

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Awintiti-Akubi noted that, beyond immediate financial gains, the summit is expected to attract further investment into Ghana’s flourishing fintech sector.

He stated that the event will provide a vital platform for networking, knowledge sharing, and potential collaborations, further solidifying Ghana’s position in the African fintech landscape and opening doors to future economic opportunities.

Ghana’s tech industry has shown remarkable growth, emerging as the only top-five African destination for venture capital in 2024, with a notable 26 percent increase, even as overall tech funding in Africa has declined.

This growth is largely due to the country’s robust fintech sector, especially in payment solutions.

The summit also marks the official launch of a strategic partnership between AFTS and the Ghana Investment Promotion Centre (GIPC).

The Bank of Ghana has called for increased collaboration to promote fintech and digital initiatives to enhance development across Africa. It noted that fintech is bridging access gaps for underserved and remote communities, while cross-border digital payments are gaining traction to ease trade frictions and accelerate regional commerce.

SOURCE: GCBGHANAONLINE

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