Ghana’s central bank backs CBDCs for financial inclusion
In a recent interview, the head of fintech at the Bank of Ghana backed state bank-backed digital currencies, saying that data generated by CBDC transactions optimizes credit opportunities.
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Ghana wants to allow offline payments for its e-cedi CBDC
The Bank of Ghana is seeking to avail the digital currency to as many Ghanaians as possible. As such, the bank is exploring how to make the e-cedi available offline, according to a central bank official.
Ghana central bank partners with German firm for CBDC pilot test
The Bank of Ghana recently announced that it had partnered with a German firm for the design and implementation of the digital cedi.
Bank of Ghana working towards issuing first state-backed digital currency
Central bank governor Dr. Ernest Addison confirmed that the digital cedi project is now “in the advanced stages,” noting there is a need to approach the project in phases.