The governor of the West African nation’s central bank, Ernest Addison, has said that Ghana could issue a digital form of the nation's currency, the cedi, in the ‘near future’, according to CoinDesk.
At the moment the bank is in talks to develop a pilot project in a ‘sandbox environment’. A reason behind this announcement could be that ‘mobile money’ transfers in Ghana increased by 70% from 2017 to 2018.
Addison said he had authorised the central bank to issue mobile money backed 1:1 by cedi and held in electronic wallets. However, he said the mobile money would be different from cryptocurrency, according to Ghanaian news website MyJoyOnline.
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