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Ghana's vice president calls for African countries to adopt digital currencies


Ghana’s vice president calls for African countries to adopt digital currencies
Business
African countries should adopt digital currencies to enhance trade within the continent, Ghana’s vice president has stated. Speaking at a recent event, Dr. Mahamudu Bawumia stated that adopting a single central payment would finally rectify the challenges that stifle cross-border trade in the region.
Bawumia was speaking at the fifth Ghana International Trade and Finance Conference in Accra, the capital. The theme for the conference revolved around the role of the financial services sector in facilitating trade-finance in Africa.
According to the VP, cross-border trade in Africa has been stifled by exorbitant costs for way too long, and the best way to solve this challenge is through digitalization. ....

Greater Accra , Coingeek Zurich , Mahamudu Bawumia , Nana Akufo , African Union , Ghana International , Ghana International Trade , Finance Conference , Nana Akufo Addo , Pan African Payment , Settlement System , Mobile Money Interoperability , அதிகமானது அக்ரா , கானா சர்வதேச , கானா சர்வதேச வர்த்தகம் , நிதி மாநாடு , தீர்வு அமைப்பு , கைபேசி பணம் இயங்குதன்மை ,

Ghana's vice president calls for African countries to adopt digital currencies – Ghana Visions


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African countries should adopt digital currencies to enhance trade within the continent, Ghana’s vice president has stated. Speaking at a recent event, Dr. Mahamudu Bawumia stated that adopting a single central payment would finally rectify the challenges that stifle cross-border trade in the region.
Bawumia was speaking at the fifth Ghana International Trade and Finance Conference in Accra, the capital. The theme for the conference revolved around the role of the financial services sector in facilitating trade-finance in Africa.
According to the VP, cross-border trade in Africa has been stifled by exorbitant costs for way too long, and the best way to solve this challenge is through digitalization. ....

Greater Accra , Coingeek Zurich , Mahamudu Bawumia , Nana Akufo , African Union , Ghana International , Ghana International Trade , Finance Conference , Nana Akufo Addo , Pan African Payment , Settlement System , Mobile Money Interoperability , அதிகமானது அக்ரா , கானா சர்வதேச , கானா சர்வதேச வர்த்தகம் , நிதி மாநாடு , தீர்வு அமைப்பு , கைபேசி பணம் இயங்குதன்மை ,

Ghana Vice President Praises Central Bank's CBDC Initiative, Says Digital Currencies Can Boost Intra-African Trade – Fintech Bitcoin News


Ghana Vice President Praises Central Bank s CBDC Initiative, Says Digital Currencies Can Boost Intra-African Trade
The Ghanaian Vice President, Mahamudu Bawumia, has implored African governments to start exploring digital currencies as such alternatives have the potential to enhance intra-African trade. In addition, such digital currencies allow African countries to carry out all cross-border payments smoothly, the leader explained.
Ghana Government Backing for CBDC
According to a report, Bawumia made these comments while addressing guests at the opening ceremony of the Ghana International Trade and Finance Conference (GITFIC) in Accra. The report also quotes Bawumia commending the Ghanaian central bank’s e-cedi project. He said the Ghanaian government is ready to “give it the needed credibility and legal backing for usage.” ....

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