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Ecobank Seeks Direct Yuan Settlement to Cut Dollar Costs

April 26, 2026
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Posted 2 hours ago by
News Ghana

NewsGhana, Latest Updates and Breaking News of Ghana, Roger A. Agana, https://www.newsghana.com.gh/ecobank-seeks-direct-yuan-settlement-to-cut-dollar-costs/Pan-African lender Ecobank is in talks with Bank of China to launch a direct local-currency-to-yuan settlement product by the end of 2026, in a move that would allow African businesses to pay Chinese suppliers without routing transactions through the US dollar.

Ecobank Chief Executive Jeremy Awori disclosed the talks on Monday, April 21, citing rising [] NewsGhana, Latest Updates and Breaking News of Ghana, Roger A. Agana, https://www.newsghana.com.gh/ecobank-seeks-direct-yuan-settlement-to-cut-dollar-costs/

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News Ghana
News Ghana

Coverage and analysis from Ghana. All insights are generated by our AI narrative analysis engine.

Ghana
Bias: center

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