Business
Ghana, Zambia, and Rwanda Launch Continental Digital Trade Corridor to Bypass External Payment Systems
Ghana has announced a partnership with Zambia and Rwanda to pilot a continental digital trade corridor designed to enable African countries to transact directly with one another without routing payments through financial systems outside the continent.
The initiative, unveiled by Vice President Jane Naana Opoku-Agyemang during the opening of the 2026 3i Africa Summit in Accra on Wednesday, May 6, 2026, represents a concrete effort to move beyond rhetoric on African economic sovereignty and into operational reality.
Speaking before an audience of policymakers, tech entrepreneurs, and development partners, Opoku-Agyemang argued that Africa’s continued reliance on external financial infrastructure for intra-African trade is both costly and counterproductive to the continent’s aspirations under the African Continental Free Trade Area (AfCFTA).
“Valued economic sovereignty now also depends on integration, particularly digital integration, because this is where value is created, exchanged, and controlled,” she said.
The vice president noted that routing intra-African transactions through banking systems based outside the continent adds unnecessary costs, introduces delays, and undermines the very idea of a single African market.
“Mobile money, digital identity, and financial technology have showcased what is possible,” Opoku-Agyemang said, referencing Africa’s proven ability to leapfrog legacy infrastructure. “The task now is moving from pockets of progress to a continental scale.”
What the Digital Trade Corridor Entails
The pilot corridor, which Ghana will develop jointly with Zambia, Rwanda, and other interested countries, will focus on three core areas:
- Mobile money interoperability – allowing users of different mobile money platforms across borders to transact seamlessly
- Mutual recognition of digital identity – ensuring that a digital ID verified in one participating country is accepted in another
- Electronic invoicing – standardizing digital billing systems to facilitate cross-border trade documentation
Opoku-Agyemang stated that such integration cannot happen in isolation. It requires investments in broadband and cloud infrastructure, as well as regulatory and policy alignments among participating nations.
“Cloud infrastructure and digital systems must also come with regulatory and policy alignments,” she said. “These alignments are crucial to ensure data sovereignty and protect user rights in the digital landscape.”
Why This Matters
Currently, much of Africa’s intra-continental trade is cleared and settled through correspondent banks located in Europe or North America, even when goods are moving between neighboring African countries. This adds an estimated 5–7 percent in transaction costs and can delay settlements by several days.
The Pan-African Payment and Settlement System (PAPSS), launched by the African Export-Import Bank, has begun addressing this issue. However, the Ghana-led digital trade corridor goes further by integrating mobile money—the dominant form of financial transaction in many African countries—directly into cross-border trade infrastructure.
For small and medium-sized enterprises (SMEs) that dominate African trade but often lack access to traditional banking, mobile money interoperability could dramatically lower barriers to regional commerce.
A Pattern of South-South Digital Cooperation
The partnership between Ghana, Zambia, and Rwanda continues a growing trend of African-led digital infrastructure initiatives. Rwanda has been a pioneer in digital identity and drone delivery logistics. Zambia has made significant strides in electronic payments for public services. Ghana has built one of Africa’s most successful national digital property addressing and identification systems.
By combining these national strengths into a cross-border corridor, the three countries are effectively creating a blueprint that other African nations can join or replicate.
What Happens Next
Opoku-Agyemang did not announce a specific launch date for the pilot corridor but indicated that technical working groups from the three countries would begin immediate consultations. The initiative is expected to be a key topic at upcoming AfCFTA ministerial meetings, where other member states may signal interest in joining.
“We must build strong synergies through digital integration,” the vice president said. “Africa has already shown what is possible. Now we must scale it together.”
Business
US Eyes AI, Drones, and Rural 5G as Next Frontier in Ghana Partnership
The United States is positioning emerging technologies including artificial intelligence, drone logistics, and rural 5G connectivity as the next frontier in its bilateral relationship with Ghana.
The move signals a strategic shift from traditional aid toward investment-driven partnership, Chargé d’Affaires Rolf Olson has announced.
Speaking at a celebratory event marking the 250th anniversary of American independence, Olson declared that the U.S.-Ghana relationship is entering a new phase defined by “not dependence, but resilience” and “a two-way exchange of investment, innovation, and expertise.”

While acknowledging ongoing changes to the US foreign assistance framework, he emphasized that America remains the largest financial contributor to health emergencies across Africa — including $200 million to the current Ebola response — but pointed to commercial technology ventures as the model for future collaboration.
“As we greet this next phase of our partnership, we see enormous potential for U.S.-Ghana collaboration and commerce in emerging sectors – from digital technology to artificial intelligence, from advanced agriculture to cutting-edge energy techniques,” Olson told an audience of government officials, diplomats, and business leaders in Accra. “Ghana’s young innovators are positioned well to seize these types of opportunities.”
The Chargé d’Affaires highlighted concrete examples of technology-driven partnerships already underway.
He cited Zipline’s drone delivery network, which has completed 800,000 medical deliveries in Ghana since 2019, saving an estimated 10,000 lives, including 1,600 through emergency transport of snake anti-venom alone.
He also revealed US support for deploying “cutting-edge wireless technology at hundreds of base stations across Ghana,” aimed at expanding rural connectivity and bridging the digital divide across West Africa.
Olson framed the vision within a broader narrative of economic self-sufficiency, noting that more than 100 American companies are active in Ghana across energy, technology, and agriculture.
He pointed to Newmont, the single largest taxpayer in Ghana, where 99% of the workforce, including the Country Manager, is Ghanaian. Bilateral trade in goods and services reached approximately $4 billion last year, a figure Olson said “can grow.”
The diplomatic push comes alongside deepened security cooperation. Olson confirmed that just this week, US law enforcement handed over Sedina Tamakloe Attionu to Ghanaian authorities, fulfilling an extradition request, while Ghana has extradited multiple individuals wanted in the US for cyber-related fraud that has stolen tens of millions of dollars from American victims.
Reflecting on the historical ties that bind the two nations, from Richard Nixon meeting Martin Luther King Jr. in Accra in 1957 to Ghana being the first country to welcome Peace Corps volunteers in 1961, Olson concluded that the relationship is now mature enough to pivot toward technology, trade, and mutual resilience.
“Two hundred and fifty years into America’s independence and nearly 70 years into Ghana’s, we look to the future with optimism, confidence, and renewed purpose,” he said.
Business
How Ghana Is Selling Itself as Africa’s Factory Floor for Belarus
President John Dramani Mahama has positioned Ghana as a manufacturing and distribution gateway for Belarusian industry, pitching the country as a strategic entry point to Africa’s unified market of 1.4 billion people under the African Continental Free Trade Area (AfCFTA).
Speaking at the maiden Ghana–Belarus Business Forum in Minsk, President Mahama announced that Belarusian manufacturers of mining equipment will visit Ghana next week, following an agreement between both nations.
The visit signals a potential shift in how Belarusian heavy industry could serve African markets – not merely through exports from Eastern Europe, but through locally established operations within Ghana.
“The investors who establish operations in Ghana gain access not only to a domestic market of 34 million people, but also to the wider African market through the AfCFTA,” President Mahama told the forum. He noted that the trade bloc covers 1.3 billion people with a combined gross domestic product of US$1.3 trillion.
The President’s pitch rests on three pillars: market access, infrastructure investment, and regulatory stability. He highlighted Ghana’s US$10 billion five-year Big Push Infrastructure Programme, which prioritizes roads, railways, ports, airports, energy systems, and logistics networks.
These investments, he said, are designed to improve connectivity, reduce business costs, and enhance competitiveness for firms that establish local manufacturing or assembly operations.
“Investors today seek certainty, stability, and market access, and I can assure you Ghana provides all these three,” Mahama stated. “Our political credentials are strong, our legal and regulatory systems are transparent, investor protection is robust, and we guarantee repatriation of profits.”
The President also noted that Belarusian companies possess relevant expertise in transport infrastructure, power systems, industrial parks, logistics, road construction, railway development, and renewable energy – all sectors where Ghana is actively seeking foreign partnership.
For Belarus, a nation under sustained Western sanctions, deepening economic ties with Ghana offers an alternative channel to participate in one of the world’s fastest-growing continental markets. Rather than exporting finished mining equipment from Minsk, Belarusian manufacturers could establish assembly plants or joint ventures in Ghana, taking advantage of AfCFTA rules to distribute across the continent without the tariff barriers that would apply to direct exports from Europe.
President Mahama framed the opportunity in unequivocal terms: “For businesses seeking a strategic gateway into Africa, Ghana remains one of the continent’s most attractive destinations.”
The upcoming visit by Belarusian manufacturers will test whether that pitch translates into concrete investment. Industry observers will be watching for announcements on local assembly facilities, technology transfer agreements, and the scale of Belarusian commitment to Ghana’s industrialization agenda.
If successful, the partnership could serve as a template for how other non-African manufacturing nations – particularly those from Eastern Europe and Asia – use Ghana as a beachhead to serve the continent’s rapidly growing demand for industrial equipment, infrastructure inputs, and heavy machinery. If not, the visit may produce little more than diplomatic communiqués.
For now, Ghana has made its case. The next move belongs to Belarus.
Business
Ghana’s Small-Scale Miners Now Produce Most of Its Gold
For the first time in more than a century, small-scale miners have overtaken large-scale producers as Ghana’s primary source of gold, raising urgent questions about whether regulators can manage the environmental, social, and fiscal consequences of this historic shift.
According to the 2025 annual report released late Friday by the Ghana Chamber of Mines, the country’s total gold output rose by 23.41 percent to 5.94 million ounces, up from 4.82 million ounces in 2024.
The surge was driven almost entirely by the small-scale sector, which recorded a 63.82 percent increase in production – from 1.9 million ounces in 2024 to 3.11 million ounces in 2025.
As a result, small-scale mining now accounts for 52.4 percent of national gold output, overtaking large-scale producers for the first time in over a hundred years.
Michael Edem Akafia, the chamber’s outgoing president, presented the findings in Accra and attributed the performance to high output from small-scale operations. He projected that total gold production for 2026 could reach at least six million ounces, contingent on continued investment in the sector.
Ghana has long been one of Africa’s leading gold producers, with the precious metal remaining a critical pillar of the national economy.
However, the rapid ascent of small-scale mining presents a complex regulatory challenge. While the sector generates employment and foreign exchange, it has also been associated with environmental degradation, including water pollution from mercury use, deforestation, and damage to farmlands – a set of activities often linked to unlicensed operators known locally as galamsey.
Industry observers note that the production surge does not distinguish between licensed artisanal miners and informal operators. This ambiguity complicates efforts to track revenue, enforce environmental standards, and ensure that mining communities benefit from the wealth being extracted.
The Chamber of Mines has previously called for stricter monitoring of small-scale operations, as well as greater support for formalization.
Without effective regulation, analysts warn, the economic gains from the gold boom could be undercut by long-term environmental liabilities and lost state revenue from smuggling or under-declaration.
President John Dramani Mahama’s government now faces pressure to strike a delicate balance: encouraging the small-scale sector that has become the engine of gold growth while curbing the illegal and environmentally destructive practices that have long accompanied it.
The coming year will test whether Ghana’s regulatory framework can evolve as quickly as its mining landscape has changed. With output expected to climb further in 2026, the world is watching to see whether the country can turn a historic production milestone into sustainable and accountable prosperity.
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