Africa Diaspora Central Bank & Vanuatu Trade Commission confers with Deputy Finance Minister on AKL Lumi currency adoption

On Wednesday, July 31, 2024, a pivotal meeting was held at Ghana’s Ministry of Finance, bringing together a distinguished delegation from the African Diaspora Central Bank (ADCB), the Vanuatu Trade Commission team and top officials from the Ministry.

The meeting aimed to explore how Ghana could leverage the adoption and interoperability of the Lumi currency.

The Lumi Implementation team was led by HRM Chief Rex Semako I & VI Timothy Elisha McPherson, Chairman of ECO6 and President of the African Diaspora Central Bank. The team included H.E Amb. Prof. Hugh Keku Aryee, Vanuatu Trade Commissioner to Ghana, Ms Belinda Ewoenam Nyamadi, Executive Secretary of the Vanuatu Trade Commission Ghana, and Dr David King Boison, Lead Consultant to VTC on AI and Lumi implementation.

They met with Mr Alexander Ampaabeng, Deputy Minister of Finance, and his technical team comprising Mr Solomon Ampaabeng from the ADB Unit and Mr Louis Amo, Director for External Resource Mobilization.

The meeting focused on the strategic adoption and interoperability of the AKL Lumi currency in Ghana and how best Eco-6 can provide Direct Diaspora Investments (DDI) into Ghana.

Discussions also highlighted the ongoing AI Africa Training Project where thousands of Ghanaians are already benefiting from the Artificial Intelligence training sponsored by the Africa Diaspora Central Bank and the Vanuatu Trade Commission Ghana and funding for notable SMEs and other institutions across Ghana and Africa.

Deputy Minister Alexander Ampaabeng expressed his appreciation for the team’s efforts and their accomplishments thus far.

He assured the delegation of his commitment to collaborate with his technical team as the Africa Diaspora Central Bank team provides the necessary documentation for their review and advance this initiative.

HRM Chief Rex Semako I & VI Timothy Elisha McPherson took some time to provide a brief overview of the activities of ECO6 and the African Diaspora Central Bank (ADCB).

ECO6, or the Sixth Economic Community of the African Union, focuses on the integration and economic empowerment of the African Diaspora, recognized as the sixth region of Africa by the African Union.

The ADCB, under the leadership of Chief McPherson, plays a crucial role in this initiative by providing financial support and creating a regulatory framework that facilitates economic activities across the African continent and its diaspora.

Chief McPherson emphasized the importance of the ADCB’s funding support in Ghana and across Africa. This support aims to stimulate economic growth, enhance financial inclusion, and foster sustainable development.

The ADCB’s role includes overseeing the issuance and regulation of the AKL Lumi, ensuring its stability and security as a digital currency.

The ADCB operates within a structured regulatory framework that aligns with the broader goals of the African Union. This framework ensures that all financial activities, including the use of the AKL Lumi, adhere to established standards and regulations, promoting transparency and trust in the financial system.

This significant engagement marks a step forward in Ghana’s financial innovation and integration within the African Diaspora economic framework.

Later in the evening, the Vanuatu Trade Commission and Hanypay Ghana welcomed their global ecosystem members for an online training session on the exchange of AKL Lumi using the Hanypay platform.

Members of the ecosystem were thrilled as they were taken into the exciting world of digital currency and its transformative potential.

Their participation underscores our commitment to understanding and leveraging cutting-edge financial technology, to ensure that the session equipped them with the knowledge and tools needed for the use of the platform that would be launched officially on the 1st of August, a day that coincides with the 5th anniversary of EC0-6 formation.

This training session covers the key features of the AKL Lumi, its benefits, and the process of exchanging it using Hanypay.

Brief on AKL Lumi

The AKL Lumi is a revolutionary digital currency designed to foster economic growth and financial inclusion within the African diaspora and beyond.

It is part of a broader initiative aimed at creating sustainable economic opportunities and facilitating seamless transactions across borders. The AKL Lumi stands out for its stability and security, making it an ideal medium for trade, investment, and daily transactions.

Brief on Hanypay

Hanypay is a comprehensive digital payment platform designed to facilitate secure and seamless financial transactions globally. Officially licensed by the African Diaspora Central Bank (ADCB), Hanypay supports the trading and management of the AKL Lumi digital currency.

Key features of Hanypay include:

Enhanced Security: Hanypay employs state-of-the-art security measures to ensure the safety of users’ funds and data.

• Global Reach: The platform enables users to perform transactions across borders, making it ideal for forex traders, fintech companies, commercial enterprises, banks, and financial institutions.

Versatile Transaction Types: Hanypay supports Peer-to-Peer (P2P), Business-to-Business (B2B), Consumer-to-Consumer (C2C), and Government-to-Government (G2G) transactions, catering to a wide range of financial activities.

Hanymarket Platform: Businesses can advertise, display, and market their products for free, providing a valuable opportunity for exposure and growth.

User-Friendly Interface: Designed for ease of use, Hanypay allows users to effortlessly navigate and utilize its features, making digital currency management accessible to everyone.

Hanypay is continually evolving, with new and innovative products being added to enhance the user experience and meet the growing needs of the global financial community.

The stage is now officially opened for the business community in Ghana, Africa, and the globe to register their AKL Lumi account on Hanypay, which is officially licensed by the African Diaspora Central Bank (ADCB) to perform transactions across Africa and the globe.

Forex traders, fintechs, commercial enterprises, banks, and financial institutions that wish to trade in AKL Lumi can register their accounts at (https://hanypay.co).

Businesses can also have the opportunity to advertise, display, and market their products on the Hanymarket platform for free.

Hanypay has a robust system with state-of-the-art enhanced security, providing users with a secure platform to store their funds and trade globally. The Hanypay platform offers various types of operations including.