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Ghana is working to develop offline capabilities for its forthcoming central bank digital currency (CBDC) in a bid to promote its use across all segments of Ghanan society.According to a Oct. 18 report from Bloomberg, Kwame Oppong, head of fintech and innovation at the Bank of Ghana (BoG), revealed that
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CBDCs are digital forms of a jurisdiction’s legal currency and are designed to be available via smartphones. Kwame Oppong, head of fintech and innovation at the Bank of Ghana (BoG), said the country’s digital currency, the e-cedi, would work offline through the use of smart cards, according to the report. Original
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Ghana’s central bank has inked a partnership deal with German banknote and securities printing company Giesecke+Devrient (G+D), for a retail central bank digital currency (CBDC) pilot. Ghana Progresses With Digital Cedi The Bank of Ghana announced the news of the agreement with the German company via a press release on Wednesday (August
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Bitcoin Cash House Ghana has announced they’ve found a liquidity provider for converting between BCH and Ghanaian cedi, and are now preparing
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With one Bitcoin Cash House now established in Venezuela, the grassroots movement is independently spreading to other locations. Read.cash user ‘Koush’ has
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Ghana is maintaining a cautious approach to cryptocurrencies despite its central bank’s plans to launch a digital currency in the new year. Over the past five years, the West African country has become the fastest-growing mobile money market on the continent. The burgeoning number of mobile money users is
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The Republic of Ghana is exploring the benefits of issuing a central bank digital currency (CBDC), the governor of the country’s central bank says.Ernest Addison, a Ghanaian economist currently serving as the governor of the Bank of Ghana (BoG), revealed that the bank is working with key stakeholders to
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