GEPA to exporters: Take advantage of PAPSS
PAPSS is an electronic transaction platform for business society in Africa. It is a centralised payment and settlement system for intra-African trade in goods
The Volta and Oti regional director of the Ghana Export Promotion Authority (GEPA), Chris Amponsah Sackey, has urged producers and exporters to take advantage of the Pan-Africa Payment and Settlement System (PAPSS).
PAPSS is an electronic transaction platform for business society in Africa. It is a centralised payment and settlement system for intra-African trade in goods and services and it allows companies in Africa to pay for intra-African trade transactions in their local currencies.
According to Sackey, the platform will “help us avoid chasing foreign currencies to use them for foreign transactions so is a payment platform that is very good. It is going to help deal with some of these challenges that we face as a continent.”
“My advice to exporters is that, they should take advantage of some of these systems and platforms that are put in place to help ease the challenges they face when they do export business,” he said.
He advised traders under the African Continental Free Trade Area (AfCFTA) to make good use of PAPSS because the AfCFTA secretariat has adopted it. He added that PAPSS will help reduce or eliminate fraudulent activities.
Stakeholders including MMDCEs at the workshop were taken through the current status and way forward on AfCFTA, basic internal management system towards professionalisation of SMEs and NTEs and among other export-related topics and policies in the country.
Albert Kuzor
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