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Ghana's Vice President: African Should Embrace Digital Currencies to Facilitate Trade Throughout the Continent
Summary: Ghana's vice president Dr. Mahamudu Bawumia believes that African governments need to embrace digital currencies to facilitate trade throughout the continent, according to cointelegraph. Currently, moving goods over African borders is costly and time-consuming. A digital payments system, Dr. Bawumia believes, would rectify these issues. He said, “when the scourge of the COVID-19 pandemic hit ...
Ghana's vice president Dr. Mahamudu Bawumia believes that African governments need to embrace digital currencies to facilitate trade throughout the continent, according to cointelegraph.
Currently, moving goods over African borders is costly and time-consuming. A digital payments system, Dr. Bawumia believes, would rectify these issues. He said, “when the scourge of the COVID-19 pandemic hit and forced many economies into partial and total lockdowns, it reinforced the need to pursue digitization.”
By Amy Liu
Tags: Africa,Digital Currencies,Ghana,Trade
Link: Ghana's Vice President: African Should Embrace Digital Currencies to Facilitate Trade Throughout the Continent [Copy]
