Plans are underway to facilitate faster cross-border transactions between Ghana and Nigeria as part of the African Continental Free Trade Area (AfCFTA). <\/p>\n Private legal practitioner Gabby Otchere-Darko shared this news in a video post on X, praising the initiative as “huge.” <\/p>\n In the video spotted online, a representative emphasised the importance of mobile interoperability as a key step towards creating “a connected market.” <\/p>\n He stated, “We’ve had conversations for decades about truly having a connected market. For that dream to be realized, we need to break some old barriers, including long-standing policies.” <\/p>\n A significant development in this initiative is the admission of US-based company Bridge Fintech into AfCFTA’s sandbox. <\/p>\n This innovative firm will facilitate and help test cross-border payments between Ghana and Nigeria. <\/p>\n “Bridge Fintech recently received that approval, and we’re looking forward to learning through this journey with them,” the representative added. <\/p>\n This initiative is expected to enhance financial integration and streamline transactions across African borders, contributing to the broader goals of the AfCFTA. <\/p>\n See the post below:<\/b><\/p>\n Nigeria and Ghana set to take historic steps soon to begin cross-border payments between the 2 West African countries that will allow a direct swap between the Ghanaian Cedi and Nigeria\u2019s Naira for individual citizens, small and medium size businesses. This pilot is huge! #AfCFTA<\/a> pic.twitter.com\/X26cIE9Jol<\/a><\/p>\n \u2014 Gabby Otchere-Darko (@GabbyDarko) October 26, 2024<\/a><\/p><\/blockquote>\n ID\/EB<\/p>\n Watch the latest edition of BizHeadlines below:<\/b><\/p>\n![\"This](\"https:\/\/cdn.ghanaweb.com\/imagelib\/pics\/397\/39728317.295.jpg\" "\\"This")
This initiative aims to boost financial integration across African borders<\/span><\/span><\/p>\n<\/div>\n\n