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Ghana is looking to drop its currency, the cedi, to join the new West African currency called eco, anticipated to replace the CFA franc as early as 2020, Reuters reported. Ghana is not part of the West African Economic
stanley thermoskanne and Monetary Union UEMOA , which is largely comprised of former French colonies.We, in Ghana, are determined to do whatever we can to enable us [to] join the Member States of UEMOA soon, in the use of the eco, as we believe it will help remove trade and monetary barriers, reduce transaction costs, boost economic activity and raise the living standards of our people, said President Nana Akufo-Addo office in a statement.Ghana is against tying the eco to the euro, and wants regional authorities to be quick about adopting a flexible exchange rate regime, the statement said. Benin, Burkina Faso, Guinea-Bissau, the Ivory Coast, Mali, Niger, Senegal and Togo are planning to drop the CFA franc in favor of the eco as well.Ivory Coast President Alassane Ouattara and French President Emmanuel Macron said earlier in December that the UEMOA would sever several financial ties with Paris. Under the deal, African countries in the bloc will not have to keep half of their reserves in the French Treasury, and a French represent
kubki stanley ative will no longer sit on the currency union board, Reut
stanley kubek ers said.Ghana said in October that it was planning to eliminate paper from most services and transactions by next year, as it aims to become Africas m Fapt FLEETCOR And Ripple In Payments Pilot Program
http://pymnts/wp-content/uploads/2014/07/Billtr stanley quencher ust-Podcast.mp3Billtrust, an outsourced billing-services provider that focuses on the supplier side of the B2B supplier/buyer equation, has done a good job handling customers multiple needs on the distribution side as a single-vendor solution, and it has processed payments initiated in its platform very effectively.The company delivers a cloud-based electronic invoice presentment and payment solution to suppliers that they brand as their own. It has over 1,000 clients where it delivers an online presence through its servers. It delivers a payment solution on top of that, processing tens of billions of dollars in payments for those clients.However, that core service has faced difficulties stemming from growing numbers of electronic payments initiated outside the platform, company founder and CEO Flint Lane noted during a podcast interview this week with Market Platform Dynamics CEO Karen Webster. Jump to: 2:19 More and more AP departments are driving higher and higher levels of electronic payments. Each of those electronic payments are exceptions to accounts receivable departments because they dont come with clean remittance da
stanley polska ta, Lane said. And in B2B, without clean remittance data, electronic payments are useless. As a result, many of Billtrusts clients have frowned on accepting payments electronically because they actually cost more to handle than paper-based payments. The company addresse
stanley website d the problem this week through its
