Ghana Partners With Giesecke+Devrient to Pilot Digital Currency

 In news

Bank of Ghana signs agreement with the Munich-based tech company to implement a pilot central bank digital currency project as a precursor to the issuance of a digital form of the cedi, according to a statement from the regulator.

* G+D is providing the technology and developing the solution adapted to Ghana’s requirements
* It will be tested in trial phase with banks, payment service providers, merchants, consumers and relevant stakeholders
* The e-Cedi is intended to complement and serve as a digital alternative to physical cash
* The project is part of the Digital Ghana Agenda, which involves the digitization of the country of 30 million people
* The project is seen “driving the cashlite agenda through promotion of diverse digital payments while ensuring a secure and robust payment infrastructure”
* “The central bank digital currency presents a great opportunity to build a robust, inclusive, competitive and sustainable financial sector, led by the central bank,” Governor of the Bank of Ghana Ernest Addison says in the statement

Source: Bloomberg

Recent Posts
Contact Us

We're not around right now. But you can send us an email and we'll get back to you, asap.

Not readable? Change text.

Start typing and press Enter to search