The ceremony was held under the theme “Connecting Payments.
Accelerating Africa’s Trade”.
Accra- Jan 13, 2022
Minister of Trade and Industry
Nevine Gamea has taken part, on behalf of President Abdel Fattah al-Sisi, in
the launching ceremony of the Pan-African Payments and Settlement System
(PAPSS) of the African Continental Free Trade Agreement (AfCFTA), in Accra,
The event was held under the
patronage of Nana Akufo-Addo, president of Ghana, under the title “Connecting
Payments. Accelerating Africa’s Trade”.
The brainchild of the African
Export-Import Bank (Afreximbank), PAPSS enables the efficient flow of money
securely across African borders, minimizing risks and contributing to financial
integration across the continent, in collaboration with Africa’s central banks.
“Egypt is keen to achieve African
integration and boost intra-African trade, working diligently towards the
continent’s inclusion into the world trade system,” Gamea said.
The minister also held bilateral talks,
on the sidelines of the event, with Vice President of Ghana Mahamudu Bawumia,
Secretary General of the AfCFTA Wamkele Mene and President of the Afreximbank Benedict
Oramah, as well as other senior Ghanaian government officials.