Ghana
GHANA OPENS A CEDI ROUTE TO CHINA AND THE DOLLAR IS NO LONGER THE ONLY WAY TO PAY
At the 132nd Monetary Policy Committee briefing, Dr Johnson Pandit Asiama said Ghanaian importers can fund eligible China payments from cedi accounts at Stanbic Bank, with settlement in yuan. Stanbic offers the service on China’s Cross Border Interbank Payment System and says customers need not hold a separate yuan account. Payments in by 2 p.m. GMT can settle the next business day. GCB Bank is working on a similar route. China accounted for about 22.3 percent of Ghana’s imports in 2024.
BigV•2h ago•1 min read