THE VICE PREZ OF
GHANA “DR MAHAMUDU BAWUMIA” OPEN 5TH EDITION OF GHANA INTERNATIONAL
TRADE AND FINANCE CONFERENCE
The vice president 5th edition of the Ghana
international trade and finance conference with a call for the re—examination
of the strategy to implement the pan African payment and settlement system to
implement (PAPSS), intended to facilitate the intra-African trade. In order to
ensure faster implementation
Allowing national switches to plug into the Afreximbank
system, instead of individual financial institutions, would bring all such institutions
into the system in one fell swoop and make cross border trade that much faster.
With intra-African expected to improve from single-digit
levels to over 60%, speedier implementation of the pan African payments and
settlement system will allow businesses on the continent to clear and settle
transaction in their lo
currencies without depending on third currencies and
boost continental
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