India, Ghana agree to operationalise UPI link in 6 months

NEW DELHI: India and Ghana have agreed to work ‘expeditiously’ towards the operationalisation of India’s instant payment system Unified Payment Interface (UPI) on Ghana Interbank Payment and Settlement Systems (GHIPSS) within six months, the government said Monday.

The discussion was a part of the Joint Trade Committee (JTC) meeting held from May 2 and May 3. A seven-member delegation from India met their Ghanaian counterparts in Accra.

Both sides delved into discussions regarding the possibilities of a Memorandum of Understanding (MoU) on Digital transformation Solutions; Local Currency Settlement System and also deliberated on the opportunities offered by African Continental Free Trade Agreement (AfCFTA), according to a statement issued by the commerce and industry ministry.