Status : Pilot
Usecase : Retail
Ghana is currently researching a Central Bank Digital Currency (CBDC) and considering a pilot project in a sandbox environment. The central bank has launched a fintech regulatory and innovation live testing pilot, with a preference for projects using blockchain technology. In partnership with Giesecke+Devrient (G+D), the Bank of Ghana plans to pilot a retail CBDC in the country. G+D is providing technology and developing solutions tailored to Ghana’s requirements. The Bank of Ghana has published a paper on the design principles of the e-Cedi, expressing interest in both software and hardware wallets. Pilot testing, including offline functionality, has also begun. The primary motivations behind this initiative are to increase access to financial services and enhance the simplicity and safety of payment systems in Ghana.
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