Countries such as Egypt, Kenya, Rwanda, Namibia, and Tanzania have increased or planned gold purchases to diversify from reliance on foreign currencies.
All the 11 members of the committee attended the meeting.
Mr Cardoso said cross-border payments have become central to the global financial system.
The report argues that the problem is not a lack of resources but Africa’s failure to convert raw minerals into finished products such as steel, aluminium and fertilisers.
Nigeria is widely recognised as one of Africa’s most vibrant fintech hubs.
