Pan-African Payment and Settlement System launched

Ghana President H.E Nana Addo Dankwa Akufo-Addo, represented by the Vice President H.E Dr. Mahamudu Bawumia today in Accra, hosted and presided over the commercial launch of the Pan-African Payment and Settlement System (PAPSS), observing that the ground-breaking platform will save Africa more than US$5 billion annually in payment transaction costs, while it plays an increasingly significant role in accelerating the continent’s transactions underpinning the operationalisation of the AfCFTA.