Prof. Quaynor wants AfCFTA to consider cryptocurrencies in digitisation drive

September 6, 2021 Ghana Web 0 Comments

Prof. Nii Narku Quaynor, chairman of Ghana. com and regarded as the “father of the internet” in Ghana, has proposed that the continent incorporate
emerging technologies such as cryptocurrencies and block chain in the African Continental Free Trade Area (AfCFTA) digitisation drive.
According to him, Africa loses billions from intra-regional trading in foreign currency, and he believes adopting an African Union coin to fund
Africa’s Agenda 2063 will revolutionise the continent’s trading activities.
Speaking virtually at the Africa Digital Forum (ADF), Accra edition, on the theme “The Digital Challenge, Africa’s Opportunity under AfCFTA”, he
said “one forward-looking proposal is to take advantage of advances in cryptocurrencies and blockchain and issue [the] African Union coin to fund
Africa’s Agenda 2063, and we will trade only in African Union coin among ourselves.”
Agenda 2063 is Africa’s blueprint and master plan for transforming the continent into the global powerhouse of the future. Read More.

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