Pan African Payments and Settlement System

The Ghana Stock Exchange (GSE) – through its membership with the African Securities Exchanges Association (ASEA) – has signed a memorandum of understanding (MoU) with the Pan African Payments and Settlement System (PAPSS) to collaborate on ways to enhance the payment process for cross-border securities transactions in Africa. The MoU signing, which took place during ASEA’s 73rd Executive Committee Meeting on April 14, 2023 – alongside the 11th Building Africa Financial Markets (BAFM) seminar hosted by the Zimbabwe Stock Exchange (ZSE) – is anticipated to yield numerous advantages, including capital markets integration across the continent. PAPSS is a financial market…