BoG says eCedi project still ongoing, focused on cross-border use
Business
BoG's eCedi
The Governor of the Bank of Ghana (BoG), Dr Johnson Asiama, says the eCedi project has not been abandoned.
He said after the Monetary Policy Committee meeting that the central bank is still exploring how the digital currency can support cross-border payments and improve regional trade.
Dr Asiama said the Bank of Ghana remains committed to the central bank digital currency initiative but will conduct more pilot programmes before a full rollout.
He said the focus includes how the eCedi can support faster cross-border settlements for businesses in the sub-region.
He added that more testing and stakeholder engagement are needed to ensure the system is secure and effective.
The Governor said BoG is also monitoring global developments in central bank digital currencies while working with partners to refine the project.
Source: classfmonline.com
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