Ghana to introduce E-Cedi from 2022
Ghana to introduce E-Cedi from 2022
Ghana Government is said to introduce a digital currency from next year. Vice President of Ghana, Dr. Mahamudu Bawumia disclosed the news to Ghanaians on October 2nd. He revealed that Central Bank is working to roll-out an E-Cedi from 2022.
Read also Nigerian man marries American lady he met on Instagram, shares fascinating story
The vice President emphasized the E-Cedi has nothing to do with cryptocurrencies and is devoid of fraud because it would be regulated unlike various cryptocurrencies in the system which are not.
Read also Jeff Bezos pledges $2 billion for reforestation in Africa
Google announce $1billion investment in Africa to support the continents ‘digital transformation’
In September 2021, Bank of Ghana announced it was in the pilot stage of launching the E-Cedi. The currency is expected to have products and services to brigde the gap between the banked and the unbanked.
Same month in 2021, BoG said it was in advance stages of a state backed digital currency. Ghana will become one of the first African countries to develop a state backed E-currency
source: News247gh.com
Post By
