{"id":285611,"date":"2026-02-15T18:27:08","date_gmt":"2026-02-15T18:27:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/nz\/285611\/"},"modified":"2026-02-15T18:27:08","modified_gmt":"2026-02-15T18:27:08","slug":"president-mahama-calls-for-full-implementation-of-pan-african-payment-system","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/nz\/285611\/","title":{"rendered":"President Mahama calls for full implementation of Pan-African Payment System"},"content":{"rendered":"

\"John <\/a>John Dramani Mahama is Ghana’s President<\/p>\n

President John Dramani Mahama<\/a> has called for the full implementation of the Pan-African Payment and Settlement System (PAPSS) to unlock its potential as a catalyst for intra-African trade.<\/p>\n

According to him, currency conversion requirements have long hindered African trade, and a coordinated solution is urgently needed to address the issue.<\/p>\n

Speaking at the Accra Reset\u2019s Addis Reckoning forum on the sidelines of the 39th Assembly of the African Union on Sunday, February 15, 2026, he linked payment reform to the broader Accra Reset agenda, which aims to dismantle structural dependencies embedded in Africa\u2019s financial architecture.<\/p>\n

President Mahama leads global campaign for reparatory justice at UN<\/a><\/p>\n

He questioned why small businesses in Accra must convert local currency into a third-party currency before paying their counterparts abroad.<\/p>\n

\u201cThe Pan-African Payment and Settlement System is a thing whose time has come, and with urgency. I should be able to ship my goods to Kenya and get paid in cedis rather than a foreign currency,\u201d he said.<\/p>\n

President Mahama also emphasised the need to improve transport infrastructure to fully advance continental integration and ensure the free and seamless movement of goods and people.<\/p>\n

He added that Africa\u2019s development would yield shared global benefits, echoing remarks from international participants that African prosperity strengthens global prosperity.<\/p>\n

SP\/MA<\/p>\n

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