Ghana to issue digital currency in 'near future'

Pedro Gonçalves
clock • 1 min read

Ghana's central bank is considering the issue of a digital currency to complement the growth in electronic payment systems, such as mobile money. The governor of the West African nation's central bank, Ernest Addison, said Ghana could issue a digital form of the nation's currency, the cedi, in the "near future" and is in talks to develop a pilot project in a "sandbox environment." The Bank of Ghana governor stated that the CBDC pilot initiative is in line with the country's efforts to digitise the financial and banking sector. Addison said: "Digital financial technologies will cont...

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