The Bank of Ghana recently announced that it had partnered with a German firm for the design and implementation of the digital cedi.
Dr. Mahamudu Bawumia stated that adopting a single central payment would finally rectify the challenges that stifle cross-border trade in the region.
The Ghanaian central bank is in advanced stages in its development of a central bank digital currency, with a pilot set to start in September.
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.
Sub-Saharan Africa has taken to digital currencies, with P2P platforms in Kenya, Nigeria, South Africa and Ghana posting triple-digit growth in 3 months.
Ghana has been working on a digital currency for months now, and as the deputy governor of its central bank revealed, it’s scheduled to begin testing it soon.
The ABI is out to impart blockchain skills in Africa and in an interview with CoinGeek, the executive director gave insights into the African blockchain scene.
Africa has emerged as a crucial front for crypto and blockchain development, from leading in info gathering to pushing the CBDC quest to crypto in stock market.
Across the globe, there have been a lot of positive gains, as well as a few slips, as the Bitcoin space continues to develop.
Ghana’s central bank chief revealed that the country is working on issuing a digital currency as the country moves towards digital money.
Isaac Austin, who played for Clippers and Wizards, is alleged to have swindled the Ghanaian investors under the guise of crypto trading.