Bank of Ghana to pilot CBDC using G+D technology

Central bank says prototype would operate without bank account, contract or smartphone

Ernest Addison
Ernest Addison: “CBDC presents a great opportunity to build a robust, inclusive, competitive and sustainable financial sector”
Steven Adusei

The Bank of Ghana is partnering with Giesecke+Devrient (G+D) to pilot a retail central bank-issued digital currency in Ghana.

In a joint statement on August 11, the two institutions said the pilot would mark the creation of the first “general purpose” CBDC in Africa.

The Bank of Ghana described the project as a “a precursor to the issuance of a digital form of the national currency”, known as the e-cedi. Governor Ernest Addison said: “CBDC presents a great opportunity to build a robust

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