đ Sending money from Ghana to Nigeria as easily as using mobile money? The Bank of Ghana is testing just that right now, with stablecoins in its toolkit.
Abena sells wax-print fabric in Kumasi and pays her supplier in Lagos. Today, itâs either an expensive bank transfer or an informal intermediary. Her question: âWhat will this change for me?â
đ The facts (BoG, Oct. 13, 2026, IMFâWorld Bank meetings in Bangkok)
⢠Two pilot corridors: GhanaâRwanda and GhanaâNigeria.
⢠Tools being tested: central bank digital currencies (CBDCs), stablecoins, bank accounts and mobile money wallets.
⢠The pan-African PAPSS system already covers mobile wallets on the GhanaâNigeria corridor.
⢠Governor Asiamaâs goal: move to live service by building on what already exists, rather than creating new systems.
đ§ How it works
PAPSS (backed by Afreximbank and the African Union) settles payments in local currencies, without going through the dollar. Fewer conversions = lower fees and less waiting. A stablecoin like $USDT does something similar, but through a blockchain and in digital dollars.
âď¸ The caveats
⢠No timeline, fees or limits have been published yet.
⢠81% of Ghanaian adults have access to financial services, but only 52.7% are actually included (real-world usage).
⢠Reported fraud: +48% in 2025, mostly small scams targeting ordinary people.
đ What Abena can do right now
1. Compare fees and exchange rates before each transfer.
2. Confirm the recipientâs name before approving the transfer.
3. Protect her SIM (PIN code): SIM-swapping is a common scam.
Do you send money between African countries? How much does it cost you? đ
Not financial advice. DYOR.
Sources: GhanaWeb; Chale News (Oct. 13, 2026).
#Ghana #Nigeria #Stablecoins #Afrique
Abena sells wax-print fabric in Kumasi and pays her supplier in Lagos. Today, itâs either an expensive bank transfer or an informal intermediary. Her question: âWhat will this change for me?â
đ The facts (BoG, Oct. 13, 2026, IMFâWorld Bank meetings in Bangkok)
⢠Two pilot corridors: GhanaâRwanda and GhanaâNigeria.
⢠Tools being tested: central bank digital currencies (CBDCs), stablecoins, bank accounts and mobile money wallets.
⢠The pan-African PAPSS system already covers mobile wallets on the GhanaâNigeria corridor.
⢠Governor Asiamaâs goal: move to live service by building on what already exists, rather than creating new systems.
đ§ How it works
PAPSS (backed by Afreximbank and the African Union) settles payments in local currencies, without going through the dollar. Fewer conversions = lower fees and less waiting. A stablecoin like $USDT does something similar, but through a blockchain and in digital dollars.
âď¸ The caveats
⢠No timeline, fees or limits have been published yet.
⢠81% of Ghanaian adults have access to financial services, but only 52.7% are actually included (real-world usage).
⢠Reported fraud: +48% in 2025, mostly small scams targeting ordinary people.
đ What Abena can do right now
1. Compare fees and exchange rates before each transfer.
2. Confirm the recipientâs name before approving the transfer.
3. Protect her SIM (PIN code): SIM-swapping is a common scam.
Do you send money between African countries? How much does it cost you? đ
Not financial advice. DYOR.
Sources: GhanaWeb; Chale News (Oct. 13, 2026).
#Ghana #Nigeria #Stablecoins #Afrique