Ghana’s Vice Says African Countries Should Welcome Digital Currencies
CoinEdition
Published Jul 29, 2021 10:23AM ET
Ghana’s Vice Says African Countries Should Welcome Digital Currencies
- Ghana’s vice president said Africa should welcome digital currencies.
- Many African countries are making moves toward digital currencies.
Ghana’s vice president Dr. Mahamudu Bawumia said African countries should welcome digital currencies.
According to Ghana’s vice president, African countries need to embrace digital currencies to facilitate trade everywhere on the continent.
As per a local report, he expressed himself during the Fifth Ghana International Trade and Finance Conference. During the conference, Ghana officials debated the theme “Facilitating Trade and Trade-Finance in AfCFTA; The Role of the Financial Services Sector.”
Dr. Bawumia said that trade between African countries needs a “single central payment” system. He stated that moving assets over African borders is costly and time-consuming. So, a unique digital payments system would fix these issues.
Dr. Bawumia said,
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Written By: CoinEdition
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