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President Akufo-Addo endorses African payment system

705 President Nana Addo Dankwa Akufo-Addo has welcomed the decision of the African Export-Import Bank (Afrexim Bank) to pilot the Pan African Payment and Settlement System (PAPSS) in the West Africa Monetary Zone. He explained that West Africa had been grappling with the single currency for nearly three decades, and apart from studies and different decisions by various authorities of ECOWAS, it had not made the progress it should have, and said the move would help a great deal. President Akufo-Addo stated this when the Secretary General of the African Continental Free Trade Area (AfCFTA) Secretariat, Mr Wamkele Mene, and the President of Afrexim Bank, Prof. Benedict Oramah, led a delegation from the two bodies to call on him at the Jubilee House in Accra yesterday.

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