Bank of Ghana Deputy Governor Says 'Central Bank Digital Currency Is Fiat Money,' Reveals Pilot Phase Will Start September
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Bank of Ghana Deputy Governor Says 'Central Bank Digital Currency Is Fiat Money,' Reveals Pilot Phase Will Start September

THELOGICALINDIAN - Ghanas proposed axial coffer agenda bill is agnate to authorization banknote and accordingly banking institutions as able-bodied as fintech startups can still actualize amount based on it a Coffer of Ghana BOG official has said Still the official Maxwell OpokuAfari the BOGs agent governor says approval for the use of the agenda bill will depend on the aftereffect of the aerodynamics appearance

Maintaining Ghana’s Lead

As ahead reported by Bitcoin.com News, BOG appear it was in the avant-garde stages of introducing a agenda currency. At the time, BOG governor, Ernest Addison said the axial bank’s move to acquaint the CBDC fits with its cold of advancement the axial bank’s position as Africa’s baton back it comes to all-embracing arising banking technologies.

However, as one bounded media aperture reports, the aboriginal agent governor has now appear that Ghana will alpha aerodynamics the agenda cedi in a head ambiance in September 2021.

CBDCs and Value Additions

Meanwhile, in his comments afterwards the alpha of a two-day announcer training event, Opoku-Afari appropriate a agenda cedi would enhance agenda affairs in the country. According to one report, Opoku-Afari said:

The aboriginal agent governor additionally explained that the BOG had taken its time to architecture a agenda bill that comes with “all the aegis features.”

While abounding African axial banks accept signalled or appear the altered stages of their CBDC analysis or piloting, BOG will be one of the aboriginal axial banks on the abstemious to absolutely cycle out agenda bill if it adheres to the timelines of its own alley map.

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