Common Currency: Dr. Bawumia urges African countries to shift towards MoMo interoperability

Read Article

Comments (54)

This article is closed for comments.

Read Comments Comments (54)

Northern Boy 1 year ago

Makes sense to me.

Makes sense to me.
Bortey 1 year ago

It doesn't make sense. The cedi value will still be paired against the other currencies. Work on the free fall cedi and stop running your mouth.

It doesn't make sense. The cedi value will still be paired against the other currencies. Work on the free fall cedi and stop running your mouth.
His Excellecy The Ugly Dwarf 1 year ago

Can we not have both? What currency will that interoperability be based on? The US dollar?
This disgraced economist no sobe nothing!

Can we not have both? What currency will that interoperability be based on? The US dollar?
This disgraced economist no sobe nothing!
Kofi 1 year ago

After shamefully and woefully failing to stabilize the cedi, is this what you want to divert our attention to? You lie bad! Who is the exchange rate now exposing?
BAWULIAR.

After shamefully and woefully failing to stabilize the cedi, is this what you want to divert our attention to? You lie bad! Who is the exchange rate now exposing?
BAWULIAR.
Northern Boy 1 year ago

I change my mind. True it doesn't make sense to me anymore. Why? I never thought of the fact that a common currency will put a stop to crooked Ghanaian government's ability to print money at will.

I change my mind. True it doesn't make sense to me anymore. Why? I never thought of the fact that a common currency will put a stop to crooked Ghanaian government's ability to print money at will.
Kk 1 year ago

Common currency for africa is a game changer far better than mobile money interoperability Bawumia should come again no wonder cedi is the third worst performing currency this year one currency would be very strong and enable ...
read full comment

Common currency for africa is a game changer far better than mobile money interoperability Bawumia should come again no wonder cedi is the third worst performing currency this year one currency would be very strong and enable freer trade in africa
SMARTPHONE £XPERT - START MAKING REAL MONEY IN 3WKS 1 year ago

What have Africa ever united towards that succeeded...No one is coming to rescue you! - it is every man for himself.Use that seed in your hand & Learn a service oriented skill to-Earn - it is much easier than buying-&-selling ...
read full comment

What have Africa ever united towards that succeeded...No one is coming to rescue you! - it is every man for himself.Use that seed in your hand & Learn a service oriented skill to-Earn - it is much easier than buying-&-selling which requires you looking for capital. As a young man, entertain yourself BUT face your own hustle oo. Don't blame your village people when money no dey or things are not working, if you've not yet taken action to achieve a new skill. The time is ripe now to avoid wasting another 6-months. Dont blame God. You can earn up to 1,000 times the cost of this resource in just 1-2 days after learning! This is the most comprehensive standard smartphone repair course (the first & best worldwide). Training with it, you are GUARANTEED to master valuable skills & earn good dollars daily after three weeks. Join thousands who transformed their lives with Chukky Oparandu's guidebook on Amazon (search 'Chukky Oparandu' on Amazon). Invest in yourself or gift to others today, to break free from unemployment, and unlock financial independence! #SmartphoneRepair #SkillsForSuccess.Gagnez de l'Argent en Réparant des Téléphones & Tablettes (French Edition), now available & selling out!
Fred 1 year ago

Mumu. Common currency has no equal. That's how to build a powerful currency. Failed economist thinks digital is everything. He knows nothing. Ghanaians are hungry and all he keeps shouting is digital

Mumu. Common currency has no equal. That's how to build a powerful currency. Failed economist thinks digital is everything. He knows nothing. Ghanaians are hungry and all he keeps shouting is digital
Kuzkuz 1 year ago

Common currency means they can no longer print money to keep under their beds so why won’t this liarman be against it

Common currency means they can no longer print money to keep under their beds so why won’t this liarman be against it
Kk 1 year ago

With one African currency I can travel all over africa without needing to change my money to dollars or euro first that means that currency would be widely used and very strong you can’t compare mobile money interoperabilit ...
read full comment

With one African currency I can travel all over africa without needing to change my money to dollars or euro first that means that currency would be widely used and very strong you can’t compare mobile money interoperability to that
Paul 1 year ago

When is common currency going to happen since 1963. Bawumia is genius. If this country was left in the hands of the shallow minded ndc fools, we would still be voting with black and white voter ID cards in opaque boxes

When is common currency going to happen since 1963. Bawumia is genius. If this country was left in the hands of the shallow minded ndc fools, we would still be voting with black and white voter ID cards in opaque boxes
Nana 1 year ago

And whose says mobile phone interoperability is not being implemented by member countries? A common currency for the region would solve a lot of problems particularly exchange rate volatility and stabilize rice's across the r ...
read full comment

And whose says mobile phone interoperability is not being implemented by member countries? A common currency for the region would solve a lot of problems particularly exchange rate volatility and stabilize rice's across the region. Ecowas states can trade among themselves and be less self reliance and therefore put less pressure on the eco contrally to using diverse currencies. Inflation would be low as well as interest rates and fiscal as well as monetary disciplines would ne much controlled. Bawumia is talking pure nonsense!
Pee 1 year ago

But you were part of the planners of ECO, why are you now running away

But you were part of the planners of ECO, why are you now running away
Kusie 1 year ago

Common currency is more important because it will replace the cedi that Borrowmia and his azaa government have crashed totally and bring down prices etc

Common currency is more important because it will replace the cedi that Borrowmia and his azaa government have crashed totally and bring down prices etc
Mr bones 1 year ago

This OGAR 1GH CARD can talk ooo

This OGAR 1GH CARD can talk ooo
JJ 1 year ago

Is Bawumia ok momo interoperability will follow with same currency you can’t compare the two even though they are both good

Is Bawumia ok momo interoperability will follow with same currency you can’t compare the two even though they are both good
BAWULAIR SAY THAT TO YOUR RETARDE FAMILY KWASIA 1 year ago

ALWAYS TALKING RUBBISH BECAUSE YOU THINK GHANAIANS CANNOT REASON ABUA BI BA GIMI GIMI. JUST WAIT COME DECEMBER 7 AND WE SHALL SEE. VERY FOOLISH RETARDED PEOPLE LEADING OUR DEAR GHANA TODAY......ONLY TIME WILL TELL

ALWAYS TALKING RUBBISH BECAUSE YOU THINK GHANAIANS CANNOT REASON ABUA BI BA GIMI GIMI. JUST WAIT COME DECEMBER 7 AND WE SHALL SEE. VERY FOOLISH RETARDED PEOPLE LEADING OUR DEAR GHANA TODAY......ONLY TIME WILL TELL
Alkebulan 1 year ago

Who even has ears for this Bawumia fool , he never makes sense as a vice president.

Who even has ears for this Bawumia fool , he never makes sense as a vice president.
Thief of Staff - Akosua Frema 1 year ago

Dr. Mahamudu Timothy Bawumia, you have already lost 1% of the total votes to be cast just because of Gabby Otchere-Darko sitting by you. Your association with any member of the Akyem Mafia from this time onwards will portray ...
read full comment

Dr. Mahamudu Timothy Bawumia, you have already lost 1% of the total votes to be cast just because of Gabby Otchere-Darko sitting by you. Your association with any member of the Akyem Mafia from this time onwards will portray to Ghanaians that your presidency will be associated with these liars, thieves, crooks, criminals, cowards, opportunists and murderers. Be careful and don't be naive because Ghanaians are watching keenly.
Agya 1 year ago

Is True Dr. They Don't Read!!!

Is True Dr. They Don't Read!!!
ObuasiMan 1 year ago

This is just nonsense and an attempt to repair the damaged credibility of the speakers. Today, the Bank of Ghana cannot even reconcile its inward remittance figures with that of the World Bank as to how much is sent to Ghana ...
read full comment

This is just nonsense and an attempt to repair the damaged credibility of the speakers. Today, the Bank of Ghana cannot even reconcile its inward remittance figures with that of the World Bank as to how much is sent to Ghana through FinTechs licensed to operate remitted capital to Ghana.
Hope hope 1 year ago

The depreciation of the cedi benefits him so why won't he say they should drop common currency.
I don't think this man has ever read economics.

The depreciation of the cedi benefits him so why won't he say they should drop common currency.
I don't think this man has ever read economics.
Kofi 1 year ago

Restrict the amount of transfers ased on the nature of business. Graduate the amounts and decriminalize money laundering and tax accordingly

Restrict the amount of transfers ased on the nature of business. Graduate the amounts and decriminalize money laundering and tax accordingly
Bafooon 1 year ago

This man just fool pass anything I know the policy that will make us same currency you don't like it but transfe that comes with charges you like you fool too much

This man just fool pass anything I know the policy that will make us same currency you don't like it but transfe that comes with charges you like you fool too much
JAMES DEDE 1 year ago

Mr VICE President, I beg to disagree

Mr VICE President, I beg to disagree
Wakkuffo Waddo 1 year ago

Three medium sized tomatoes is still 10 cedis. Foolish proposals. Think of matching your cedi to the dollar and everything will be better. What is digitization?

Three medium sized tomatoes is still 10 cedis. Foolish proposals. Think of matching your cedi to the dollar and everything will be better. What is digitization?
PITO 1 year ago

Silly position from Bawumia to say the least!. If macro-economic convergence is the stumbling block, why not propose to merge on a smaller scale and seek to assimilate more economies with time, as the convergent currency gro ...
read full comment

Silly position from Bawumia to say the least!. If macro-economic convergence is the stumbling block, why not propose to merge on a smaller scale and seek to assimilate more economies with time, as the convergent currency grows stronger? Even serving as a convincing proof of the original idea. Typical diversion from first premises by a decorated dimwit.
Yahaya 1 year ago

He is just someone with myopic opinions
How can a whole vice president of a republic say such a thing?
Common currency is the ultimate answer to Africa's problems aside from getting rid of bad leadership and corruption.

He is just someone with myopic opinions
How can a whole vice president of a republic say such a thing?
Common currency is the ultimate answer to Africa's problems aside from getting rid of bad leadership and corruption.
Truthfully 1 year ago

In fact Bawumiah is a gem. He is a blessing to Ghana.

In fact Bawumiah is a gem. He is a blessing to Ghana.
Nana 1 year ago

Silly npp footsoldier! Why don't you go around collecting and eating bawumia shit! What he said doesn't make sense! They are two different policy positions, equally have merits. Single currency serves the whole economy. West ...
read full comment

Silly npp footsoldier! Why don't you go around collecting and eating bawumia shit! What he said doesn't make sense! They are two different policy positions, equally have merits. Single currency serves the whole economy. West Africans problems now is high inflation and interest rates volatility, and a single currency can provide a solution.
Truthfully 1 year ago

Bawumiah is deep, sees afar beyond the ordinary minds. He has unique economic theory different from known traditional patterns.

From his speech, he believes in single currency but interoperability will be faster and easie ...
read full comment

Bawumiah is deep, sees afar beyond the ordinary minds. He has unique economic theory different from known traditional patterns.

From his speech, he believes in single currency but interoperability will be faster and easier way to economic relief for Africa.

This is for big minds.
OYOKOBA 1 year ago

The man is way ahead of his peers. He is a genius, a deep outside the box thinker. Already you see the shallow minded people talking trash on the forum. They don’t even read what he had to say, and jump straight from the he ...
read full comment

The man is way ahead of his peers. He is a genius, a deep outside the box thinker. Already you see the shallow minded people talking trash on the forum. They don’t even read what he had to say, and jump straight from the headline and his name to the blog to write absolute nonsense.

Scaling up MoMo interoperability as we already have in Ghana to the continental level leaves the constraints of having one common currency in the dustbin of history. Each country can keep their local currency, but citizens can trade and transfer money across borders to any bank anywhere on the continent instantaneously. Where ever you are you can send and receive money in your local currency to anywhere on the continent. That is a leap of knowledge and vision only deep thinkers can understand.

Bawumia is a gift from God to Ghana. If we don’t utilize him another country would do. Mahama can’t compare his GCE A’Level Economics to Bawumia’s PhD economics. No way.
Trade deficits cause cedi to fall 1 year ago

We are now spending dollars in Ghana. All our business are owned by foreign investors taking out their profits home. Mobile money is used everywhere and that is not the problem but getting the money is. Come out with a better ...
read full comment

We are now spending dollars in Ghana. All our business are owned by foreign investors taking out their profits home. Mobile money is used everywhere and that is not the problem but getting the money is. Come out with a better solution for the dollar craze and stop talking digitization all the time
Nanawee Addo 1 year ago

Bulubulu bulubulu toke toke kwasiato Bawuliar Bawumia ofui is now talking about digital infrastructure which he hasn't acknowledged it as the significant ingredients in his digitalisation drive which was built by JDM. Bawulia ...
read full comment

Bulubulu bulubulu toke toke kwasiato Bawuliar Bawumia ofui is now talking about digital infrastructure which he hasn't acknowledged it as the significant ingredients in his digitalisation drive which was built by JDM. Bawuliar Bawumia fool too much
Kudozia 1 year ago

Nobody wanted to be another Libya. Bro Pantin says no to one currency lol.

Nobody wanted to be another Libya. Bro Pantin says no to one currency lol.
WGoku 1 year ago

This stupidity has to end soon. Thinking without foresighted mindset and it's possibilities is the most dangerous way to POVERTY. Even in Ghana, not all parts are well covered by good internet service or phone calls. Only one ...
read full comment

This stupidity has to end soon. Thinking without foresighted mindset and it's possibilities is the most dangerous way to POVERTY. Even in Ghana, not all parts are well covered by good internet service or phone calls. Only one common currency for Africa will work well. Because even without have Bank Account, travelling or for business, one can walk to any bank and load any amount of money on choice of card Visa, MasterCard etc.,that can be cash in the host country with self secret PIN number. How can you travel to depend financially on your cell phone internet service when maybe you cannot even make call from your phone directly from all countries in Africa?.
Grace 1 year ago

What happened to Bawumia economic
How could you compare common currency with mobile money interoperability
It doesn't even come close
One currency for the whole of Africa will reduce dollar value drastically
All of Afr ...
read full comment

What happened to Bawumia economic
How could you compare common currency with mobile money interoperability
It doesn't even come close
One currency for the whole of Africa will reduce dollar value drastically
All of Africa trading among themselves do not need to bring the dollar into the equation at all and hence reduce the need for the dollar.
Also common currency automatically ensures payments across banks and countries easily.
What is Bawumia saying now
Ghana be careful in bringing this guy
He is already a wreck
Hmmmmmmmm
Grace 1 year ago

What happened to Bawumia economics
How could you compare common currency with mobile money interoperability
It doesn't even come close
One currency for the whole of Africa will reduce dollar value drastically
All of Afr ...
read full comment

What happened to Bawumia economics
How could you compare common currency with mobile money interoperability
It doesn't even come close
One currency for the whole of Africa will reduce dollar value drastically
All of Africa trading among themselves do not need to bring the dollar into the equation at all and hence reduce the need for the dollar.
Also common currency automatically ensures payments across banks and countries easily.
What is Bawumia saying now
Ghana be careful in bringing this guy
He is already a wreck
Hmmmmmmmm
Kwaku 1 year ago

Mr. Bawumia has just shown he knows little about Pan Africanism. Won't it the cheaper make one ot two currencies interoperable instead of 40/50? And, 4 to 8 United Africa embassies instead of 54? United AFRICA IS THE WAY FORW ...
read full comment

Mr. Bawumia has just shown he knows little about Pan Africanism. Won't it the cheaper make one ot two currencies interoperable instead of 40/50? And, 4 to 8 United Africa embassies instead of 54? United AFRICA IS THE WAY FORWARD.
Kwaku 1 year ago

Mr. Bawumia has just shown he knows little about Pan Africanism. Won't it be cheaper make one ot two currencies interoperable instead of 40/50? And, 4 to 8 United Africa embassies instead of 54? United AFRICA IS THE WAY FORW ...
read full comment

Mr. Bawumia has just shown he knows little about Pan Africanism. Won't it be cheaper make one ot two currencies interoperable instead of 40/50? And, 4 to 8 United Africa embassies instead of 54? United AFRICA IS THE WAY FORWARD.
pin 1 year ago

Stupidity at uts best.

Stupidity at uts best.
Achakanapaya 1 year ago

A vote for Bawulair Timothy is a curse because is a vote for Akuffo Addo's 3rd term in power. The Captain of the Akyem sakawa Mafia Gabby . Bawulair Timothy is the real definition of puddle to the Akyem Mafia's.

A vote for Bawulair Timothy is a curse because is a vote for Akuffo Addo's 3rd term in power. The Captain of the Akyem sakawa Mafia Gabby . Bawulair Timothy is the real definition of puddle to the Akyem Mafia's.
THINK TWICE. 1 year ago

African leaders, don't listen to bawumia. Je just want to be relevant. He has never in his lying life come up with any useful ideas before.

African leaders, don't listen to bawumia. Je just want to be relevant. He has never in his lying life come up with any useful ideas before.
Ernest Addison 1 year ago

He is a clown. What has happened to his Gold for Oil ideas he was bragging about. This fool collapsed the Zimbabwe economy and then run away. Incompetent fool

He is a clown. What has happened to his Gold for Oil ideas he was bragging about. This fool collapsed the Zimbabwe economy and then run away. Incompetent fool
Eric 1 year ago

Technocrats at work. Professor i can't arrest the Cedi left managing our cedi. Walking and talking dead.

Technocrats at work. Professor i can't arrest the Cedi left managing our cedi. Walking and talking dead.
Allee 1 year ago

Talk is cheap. Fix the cedi now if you think you know all.

Talk is cheap. Fix the cedi now if you think you know all.
Kwame Nyarko 1 year ago

Just because he wants to score political points with the mobile money interoperability

Just because he wants to score political points with the mobile money interoperability
Francophone 1 year ago

Interoperability is possible with common currency.
You can send money from Togo to Mali via Orange money because of common currency and Interoperability.
Without common currency, who handles the currency exchange? Swift? ...
read full comment

Interoperability is possible with common currency.
You can send money from Togo to Mali via Orange money because of common currency and Interoperability.
Without common currency, who handles the currency exchange? Swift? That'll mean USD becomes the denominator.
Emmanuel 1 year ago

Bawumia must stop this nonsense and look at the News item above him to realize that staple food like gari is now very expensive. Bawumia address this issue and stop the BIG BIG English grammar!

Bawumia must stop this nonsense and look at the News item above him to realize that staple food like gari is now very expensive. Bawumia address this issue and stop the BIG BIG English grammar!
Wakkuffo Waddo 1 year ago

You see, this is what some Ghanaians are going to trade their thumbs for. Foolish thinkings knoaaaa. We should digitize a bad economy. Empty headed.

You see, this is what some Ghanaians are going to trade their thumbs for. Foolish thinkings knoaaaa. We should digitize a bad economy. Empty headed.
JJ KUFFOUR AKUFO ADDO 1 year ago

See who's talking. Clean up the mess you have created in your own country.

See who's talking. Clean up the mess you have created in your own country.
Economist 1 year ago

Bawumia better learn why Gaddafi ended up dead.

Bawumia better learn why Gaddafi ended up dead.
Aponkyi 1 year ago

We don’t just need a common currency but a very strong common currency to match the dollar & pound sterling. Interoperability is not a currency but just an excellent platform to transfer funds among sister nstions.

We don’t just need a common currency but a very strong common currency to match the dollar & pound sterling. Interoperability is not a currency but just an excellent platform to transfer funds among sister nstions.
Actual currency not momo- ,Bawumiah is a big FOOL 1 year ago

We are talking about currency and useless Bawumiah is talking abount Momo, foolish. Even if the currency is electronic. It can be bit coin, Binance etc or we can create our own coin and not MoMO. Failed economics disgracing G ...
read full comment

We are talking about currency and useless Bawumiah is talking abount Momo, foolish. Even if the currency is electronic. It can be bit coin, Binance etc or we can create our own coin and not MoMO. Failed economics disgracing Ghana

Welcome,

SIGN IN

Welcome,

RESET PASSWORD

Hello,

Terms and conditions

REGISTER

Business

Common Currency: Dr. Bawumia urges African countries to shift towards MoMo interoperability

Read Comments .st0{display:none;fill:#14BDD3;} .st1{display:none;} .st2{display:inline;fill:#FC0F0F;} .st3{display:inline;fill:#FFFFFF;} .st4{display:inline;fill:none;stroke:#000000;stroke-width:6;stroke-miterlimit:10;} Comments (54)

Read Comments Comments (54)