MoMo interoperability better than single African currency — Bawumia

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Pulse-gh July 5, 2024 2:29 p.m.

MoMo interoperability better than single African currency — Bawumia

"The idea of a common currency which came in 1963 has really been overtaken by the digital payment age that today you can think about mobile money as a common currency.

Speaking as the guest speaker at the opening of the Continental Mobile Interoperability Symposium organised by the Africa Prosperity Network in Accra, Bawumia argued that leveraging existing mobile money platforms offers a more practical and effective solution to enhancing intra-African trade and financial integration.

He said "Making mobile money interoperable allows our citizens across the continent to trade seamlessly and so this is where I believe as African countries we need to focus on.

Citing successful implementations in Ghana and other African countries, Bawumia underscored the role of mobile money in driving economic growth and empowering individuals and businesses..

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