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.
Latest Ghana News
Solving for Financial Literacy in digital assets
Jefferson Noel delves into the importance of financial literacy amid growing interest in digital assets and seeks to help common people gain insight into the industry through his Crypto Convos.
Zambia exploring CBDC, but warns against digital currencies: report
The Zambian central bank has been conducting research on a central bank digital currency, an executive told Bloomberg, weeks after it issued a warning against digital currencies.
2021 year in review: Bitcoin comes of age in Africa
2021 had it all in Africa for digital currencies—adoption soared by 1,200% as Kenya led global P2P trades, but there was the bad as well, like a $3.8B scam.
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.
Ghana’s vice president calls for African countries to adopt digital currencies
Dr. Mahamudu Bawumia stated that adopting a single central payment would finally rectify the challenges that stifle cross-border trade in the region.
Ghana to start CBDC pilot in September as it seeks to reduce cash reliance
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.
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.
Africa’s P2P trading reaches triple-digit growth
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 to begin testing central bank digital currency
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.
How the Africa Blockchain Institute is shaping the region’s blockchain future
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.
2019 year in review: Blockchain and crypto take root in Africa
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.