Bank of Ghana (BoG) has announced a partnership agreement with the German Currency technology platform, Giesecke+Devrient (G+D) to pilot a general-purpose Central Bank Digital Currency (retail CBDC) in Ghana, West Africa.
BoG shared in the Press Release that G+D will play a major role in launching Ghana’s e-Cedi Pilot. G+D will pilot the issuance of digital forms for Ghana’s CBDC. The firm will provide the required technology for trial runs of the digital Cedi. Additionally, it will also work on Ghana-specific design and implementation of the pilot project. The trial phase will begin with banks, payment service providers, merchants, consumers, and other relevant stakeholders.
Dr. Ernest K. Y. Addision, Governor of Bank of Ghana said, “CBDC presents a great opportunity to build a robust, inclusive, competitive and sustainable financial sector, led by the Central Bank. From all indications, the concept has a significant role to play in the future of financial service delivery glob
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