India and Ghana aim to connect their payment systems, UPI and GHIPSS, facilitating instant, cost-effective fund transfers. Discussions also include potential collaborations on digital transformation, local currency settlement, and leveraging AfCFTA. NPCI’s UPI expansion to Ghana follows successful implementations in Singapore and the UAE, with ongoing talks for adoption in Nigeria. Bilateral trade between India and Ghana rose to USD 2.87 billion in 2022-23, with Ghana benefiting from gold exports while importing diverse goods from India. NPCI International’s partnership with Bank of Namibia reflects India’s commitment to fostering real-time payment systems in Africa.
India and Ghana Forge Payment System Integration, Explore Digital Solutions Collaboration
![](https://affairsace-media.s3.ap-south-1.amazonaws.com/2024/05/06064819/1680433294-3199-ezgif.com-avif-to-jpg-converter.jpg)