BIS says token-based CBDCs like the eCedi pose counterfeiting and money laundering risks
The Bank of Ghana previously assured that the eCedi would keep with financial regulations while maintaining privacy.
CBDC
The eCedi will bridge the gap between the banked and unbanked – BoG Governor
Despite a successful pilot, the launch has been delayed due to several factors, including economic concerns such as rising inflation and the depreciation of the cedi.
Key insights from BoG’s eCedi hackathon session
The Bank of Ghana is hosting a 12-week hackathon in partnership with EMTECH. Here's what you need to know.
Bank of Mauritius advances towards the launch of its CBDC
The bank governor added that the bank has an open mind towards new technologies.
Zimbabwe’s central bank introduces gold-backed digital currency for retail use
However, there are concerns about its stability, given the price of gold and fluctuations, regulatory challenges, trust, and cybersecurity.
Bank of Ghana partners with EMTECH to launch eCedi hackathon
This initiative invites fintechs, developers, and innovators to develop innovative solutions that explore the versatility of the eCedi.
Ghana records economic growth upon adoption of IMF-supported reform program
The BoG Governor said the country’s economy grew by 3.2% in the second quarter, surpassing the 1.5% growth target set in the IMF program.