The Chief Executive Officer of the Ghana Chamber of Telecommunications, Dr. Ing. Kenneth Ashigbey, has called on Central banks to roll out mobile money interoperability systems for Africa business development.
Speaking at a press briefing to announce the upcoming Interoperability Conference Symposium in Accra, he stated emphatically that mobile interoperability would foster business growth across the continent and expand financial inclusion if properly implemented.
According to him, the FedEx Report shows that what Mobile Money has done for financial inclusion however, traditional banks will still not be able to do it if you left them because the way we are formatted as a continent is completely different way to other.
He explained to the fact that india has shown the way that we are able to use this critical mass to develop, so therefore, the time has come for us to be able to do more as continent.
Mobile interoperability, including cross-border mobile roaming and mobile money
exchange, is crucial for creating an interconnected economy.
The integration of Central Bank Digital Currencies (CBDC) could link telecom companies with commercial and central banks, boosting liquidity and currency stability.
In 2022, mobile money transactions in Africa reached $1.26 trillion, highlighting the significant economic impact of embracing digital currencies.
Source: Oyerepafmonline.com/Bernard K Dadzie
