By Naa Anyema Collison
The Ghana International Trade & Finance Conference has since its inception supported the agenda for the creation of a Single Continental Payment platform where all financial transactions will be carried out on the AfCFTA platform.
Chairman of the Association of Ghana Industries Tsoam C. Akpeloo indicated that prospects of AfCFTA will greatly be enhanced if we push for a uniform payment system that will make payment for cross border more convenient.
Selasi Koffi Ackom, the CEO of the Ghana International Trade and Finance Conference (GITFiC) is advocating for the introduction of statutory regulation to facilitate digital payment across Africa. His Excellency Dr Mahamudu Bawumia also emphasised the need for a payment platform in the after the era. He added that the African continental free trade would be incomplete if there is no mobility of labour services.
He also emphasised that “enhancing the labour market through regional collaboration to facilitate cross border mobility of skilled labour to areas of demand in the region cannot be overemphasised”.
This year’s conference was on the theme: “Facilitating Trade and Trade-Finance in AfCFTA; The Role of the Financial Services Sector” with the sub-theme: “Creating an Enabling Macroeconomic Environment in AfCFTA; The Role of the Central Banks in Africa.” The one-day event took place at the Movenpick Ambassador Hotel in Accra.
The 2021, 5th edition of GITFiC brought together business executives, policymakers and subject matter experts from all over Africa and the world to articulate ways of enhancing inter Africa trade, regional integration, trade liberalisation, trade policies and practices of the African continent and notably to turn talks into actions.