Bank of Ghana Selects German Technology Firm as Partner for CBDC Project
emerging markets

Bank of Ghana Selects German Technology Firm as Partner for CBDC Project

THELOGICALINDIAN - The Coffer of Ghana BOG says it has active an acceding with Giesecke Devrient GD to apparatus a pilot axial coffer agenda bill CBDC activity This pilot CBDC which is a forerunner to the ecedi agenda bill is set to be activated with banks acquittal account providers merchants consumers and added accordant stakeholders

Learning From the Trial Phase

In a press release, the Ghanaian axial coffer says GD will accommodate the technology and a band-aid that apparel Ghana’s requirements. The columnist account adds that during the balloon phase, a abstraction gluttonous to attending at “the accepting of the e-Cedi from the end users’ perspective” will additionally be undertaken.

The pilot CBDC’s appulse on budgetary action and acquittal systems as able-bodied as the acknowledged implications will be evaluated. In turn, the BOG says it will use admired acquaint acquired from pilot user adventures back it assuredly rolls out the e-cedi.

Ghana’s CBDC Mission

The columnist account quotes the BOG governor, Ernest Addision, talking up the abeyant appulse of the e-cedi on Ghana’s abridgement and speaking about how his country is bent to booty advantage of this. He said:

Meanwhile, the BOG says in its columnist absolution that the pilot CBDC activity is a allotment of the “Digital Ghana Agenda,” an action that involves “the digitization of the country of 30 actor bodies and its government services.”

The e-cedi on the added duke is advised to accompaniment and serve as a agenda another to concrete cash. It additionally aims to facilitate payments after a coffer account, contract, or smartphone, and by so accomplishing addition the use of agenda casework and banking admittance amidst all demographics.

What are your thoughts on the BOG’s statement? You can allotment your angle in the comments area below.

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