Bank of Ghana Governor Johnson Asiamah said on the 24th the central bank will work with China to promote settling bilateral trade in local currencies to remove reliance on third‑party currency conversion. Ghana is building a cedi–renminbi cross‑currency settlement corridor to eliminate double FX conversions and extra fees, and the central bank has approved a pilot direct cedi–RMB settlement system with Stanbic Bank Ghana (Standard Bank’s Ghana unit) and Ghana Commercial Bank. Asiamah said the Ba

Bank of Ghana Governor Johnson Asiamah said on the 24th the central bank will work with China to promote settling bilateral trade in local currencies to remove reliance on third‑party currency conversion. Ghana is building a cedi–renminbi cross‑currency settlement corridor to eliminate double FX conversions and extra fees, and the central bank has approved a pilot direct cedi–RMB settlement system with Stanbic Bank Ghana (Standard Bank’s Ghana unit) and Ghana Commercial Bank. Asiamah said the Bank of Ghana plans to discuss monetary and financial support with the PBOC at the upcoming IMF and World Bank annual meetings to facilitate implementation of China’s zero‑tariff policy for 53 African countries.