Fidelity
Bank
Ghana
made
a
significant
contribution
to
the
Electric
Mobility
Conference
2024,
held
at
the
Movenpick
Ambassador
Hotel
in
Accra.
Atta
Yeboah
Gyan,
Deputy
Managing
Director
at
Fidelity
Bank,
delivered
a
thought-provoking
keynote
address
which
shed
light
on
the
vast
opportunities
and
challenges
presented
by
the
e-mobility
revolution
in
Africa.
The
two-day
conference,
proudly
sponsored
by
Fidelity
Bank,
themed
“The
New
ERA:
Innovation
and
Sustainability,”
brought
together
business
leaders
and
government
agencies
to
discuss
advancements
in
the
e-mobility
industry,
strategies
for
reducing
greenhouse
gas
emissions,
and
supportive
policies
for
the
sector.
In
his
keynote
speech,
Gyan
highlighted
the
unique
landscape
Africa
presents
for
the
e-mobility
revolution.
“We
have
a
growing
population,
a
rising
demand
for
efficient
transportation,
and
a
pressing
need
for
sustainable
solutions
to
deal
with
climate
change.
E-mobility
offers
a
promising
opportunity
to
achieve
all
three
objectives
simultaneously,”
he
remarked.
Gyan
acknowledged
the
challenges
that
come
with
adopting
e-mobility
on
the
continent,
particularly
the
high
upfront
costs
associated
with
projects.
“The
fact
of
the
matter
is
that
currently,
the
high
upfront
costs
associated
with
e-mobility
projects
remains
a
significant
hurdle
to
overcome
for
wider
adoption,”
he
noted.
He
stressed
the
importance
of
collaborative
action
in
overcoming
these
hurdles,
emphasizing
the
need
for
innovative
funding
arrangements
and
strategic
public-private
partnerships
(PPPs).
“Access
to
funding
is
crucial,”
he
declared,
citing
initiatives
like
the
African
Development
Bank’s
Sustainable
Energy
Fund
for
Africa
(SEFA)
as
positive
steps.
By
combining
resources
and
expertise
from
the
public
and
private
sectors,
we
can
accelerate
the
development
of
e-mobility
infrastructure,”
Gyan
emphasized.
To
unlock
the
full
potential
of
e-mobility,
Gyan
outlined
several
supportive
government
policies.
“Governments
must
promote
the
establishment
of
charging
stations
in
public
spaces,
transportation
hubs,
and
residential
and
commercial
areas
to
alleviate
range
anxiety
and
make
electric
vehicles
a
more
convenient
option,”
he
stated.
Mr.
Gyan
stressed
the
need
for
educational
campaigns
to
inform
the
public
about
the
environmental
and
economic
benefits
of
e-mobility.
“Educating
the
public
is
crucial
for
widespread
adoption,”
he
explained.
He
encouraged
African
governments,
educational
institutions,
and
the
private
sector
to
join
forces
and
conduct
research
to
optimize
the
potential
of
renewable
energy
in
Africa.
Mr.
Gyan
also
highlighted
the
need
for
financial
incentives
such
as
tax
breaks
and
subsidies
to
make
e-mobility
more
affordable
and
appealing.
“By
offering
financial
incentives
to
individuals
and
businesses
who
purchase
electric
vehicles,
governments
can
make
the
shift
towards
e-mobility
more
affordable
and
appealing,”
Gyan
explained.
“Fidelity
Bank
is
deeply
committed
to
sustainability,”
declared
Mr.
Gyan.
He
highlighted
several
initiatives
undertaken
by
the
bank
to
foster
a
greener
future.
These
include
financing
renewable
energy
appliances,
powering
Duose
D/A
Primary
School,
in
the
Upper
West
Region
in
an
off-grid
community
with
solar
energy,
and
partnering
with
solar
providers
to
offer
customer
financing.
The
bank
is
also
leading
by
example
with
solar
power
at
its
head
office
annex
in
Tesano
and
is
developing
a
pipeline
of
sustainable
products
to
meet
evolving
customer
needs.
Mr.
Gyan
concluded
by
emphasizing
the
importance
of
collaboration.
“By
working
together
–
governments,
businesses,
innovators,
and
enthusiasts
–
we
can
transform
e-mobility
and
renewable
energy
into
the
cornerstones
of
a
sustainable
future
for
Africa,”
he
declared.
Fidelity
Bank,
he
affirmed,
stands
ready
to
be
a
partner
in
this
journey.
The
Electric
Mobility
Conference
2024
served
as
a
valuable
platform
for
a
cross-section
of
stakeholders
to
discuss
the
future
of
transportation
in
Africa.
As
the
summit
drew
to
a
close,
participants
departed
with
a
shared
consensus:
through
collective
collaboration
and
a
steadfast
commitment
to
sustainability,
e-mobility
is
poised
to
transform
the
continent’s
transportation
landscape,
ensuring
a
cleaner,
greener,
and
more
sustainable
future
for
generations
to
come.”