THELOGICALINDIAN - The governor of Ghanas axial coffer Ernest Addison has said his academy is now in the avant-garde stages of introducing a agenda bill However afore its absolution into apportionment the agenda currencywhich is additionally accepted as the ecedi will aboriginal accept to go through three phases
Bank of Ghana’s Embrace of Emerging Fintechs
In his comments during a news appointment on May 31, Addison additionally common the Bank of Ghana (BOG)’s admiration to advance its acceptability as Africa’s baton back it comes to all-embracing arising banking technologies.
“The Bank of Ghana was one of the aboriginal African Central Banks to acknowledge that we were alive on a agenda bill attractive at the abstraction of an e-cedi,” appear Addison.
Meanwhile, one bounded media report quotes the BOG arch answer the key phases which the agenda cedi is accepted to canyon through afore its absolution to the public. As Addison notes, the agenda cedi has already gone through the antecedent appearance which complex “the architecture of the cyberbanking money.”
Once this action is complete, the BOG will again move to the accomplishing stage. Addison explained:
According to the governor, it will be this accomplishing date that will advice the axial coffer to actuate the achievability of the project.
BTC vs E-cedi
Meanwhile, Addison additionally acclimated the aforementioned account appointment to draw comparisons amid the “unregulated” cryptocurrencies like bitcoin (BTC), which is “too airy to comedy the action of money” and the state-backed cedi. Reiterating his abetment axial coffer agenda currencies, Addison said:
“I anticipate there is a lot added accent on attractive at agenda money which is backed by the state, backed by the axial banks. These clandestine forms of money absolutely are not able to accomplish the functions of money effectively.”
In the meantime, with this revelation, Ghana becomes one of the few countries on the African abstemious to booty accurate accomplish appear this goal. Many added African states are yet to accomplish agnate progress.
What are your thoughts on the BOG’s adumbration that it is now in the avant-garde stages of introducing a agenda currency? Tell us what you anticipate in the comments area below.
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