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Africa Loses $5 Billion Annually Due to Costly Forex Routing Detours

Source link : https://africa-news.net/africa/ghana/africa-loses-5-billion-annually-due-to-costly-forex-routing-detours/

Africa is losing a staggering US$5 billion every year because of inefficient foreign exchange routing practices. A recent report reveals how these costly detours in currency transactions are holding back economic growth and stifling investment across the continent. Immediate reforms are essential to simplify and accelerate these processes, unlocking Africa’s true economic potential

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Author : Isabella Rossi

Publish date : 2025-10-25 12:24:00

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Author : africa-news

Publish date : 2025-10-25 15:09:00

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