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GITFIC signs Memorandum of Understanding with Mowali

A memorandum of agreement has been signed by GITFiC and MOWALI SAS. The agreement is to partner each other and help attain developmental goals in Africa through the rollout of a payment sysytem.

This new partnership aims at demonstrating the regional bloc’s contributions to the successful rollout of the payment system and the consequent inclusion of national payment systems as a means of implementation

The Chief Executive Officer of the two sides were the ones to pen down this agreement. Mr Selasi Koffi Ackom, CEO of GITFiC signed for his office whiles Mr Awa Gueye Ba, CEO of MOWALI signed his part.

“We are excited about embarking on this partnership with GITFiC, which will enable a platform to work together in ways to support the expansion of the mobile money payments across the continent” Awa Gueye Ba – CEO of Mowali said.

Mowali SAS enables interoperability between digital financial service providers beyond MTN and Orange operations and markets, to support the existing 338 million mobile money accounts in Africa. Mowali SAS benefits from its MTN Mobile Money and Orange Money reach, bringing together over 100 million mobile money accounts and mobile money operations in 22 of sub-Saharan Africa’s 46 markets.

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“GITFiC will conduct a strategic planning exercise with MOWALI SAS to formulate and be the main implementing institution in rolling out the new Cross Border Payment System in phases to the benefit of financial inclusion across the continent. The result of this exercise will assist MOWALI SAS with the implementation of its operations and will help identify areas, where GITFIC can provide support” Mr Ackom of GITFiC said

GITFiC’s three thematic basic areas of services of Trade, Trade Finance, and Logistics are the fundamentals in managing ways of enhancing inter Africa trade, regional integration, trade liberalization, trade policies, and practices of the African continent.

“GITFiC focuses on staying current with the business environment in Ghana and beyond using knowledge from domestic resources and the African Continent. This connection of knowledge of the local and continental business environments, from business executives, policymakers, and subject matter experts, is the right direction to exhilarate the business communities in Africa and also function as a major driving force moving Africa as a bloc in the global trade. GITFiC is indigenously Ghanaian.”

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“The Ghana International Trade & Finance Conference (GITFiC) and MOWALI SAS urge the public on the African Continent to be supportive and accommodating with both parties in the execution and implementation of this Memorandum of Understanding and the relevant road maps for the benefit of the general trading community on the Continent.

“A lasting solution to the age-old Cross Border Payment and Settlement System hindering Cross Border Trade is here. MOWALI is the solution and GITFiC will successfully help with the implementation in phases.”

The Ghana International Trade & Finance Conference (GITFiC) is a reputed Private Sector Initiative that works with other Private Sectors, Government sectors in the sub-region, and the entire African Continent to drive the Continental Free Trade Agreement (CFTA), broader development agenda of the continent as defined in the A.U’s Agenda 2063, global trade issues at large, and other Trade Agreements.

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