The Governor of the Bank of Ghana (BoG), Dr Johnson Asiama, has reassured the public that the central bank’s much-anticipated eCedi project has not been abandoned.
Addressing journalists after a recent Monetary Policy Committee meeting, Dr Asiama emphasized the Bank’s ongoing commitment to the digital currency initiative.
According to Dr Asiama, the BoG is actively exploring how the eCedi could pave the way for more efficient cross-border payments and boost regional trade across West Africa. He explained that, while significant progress has been made, the central bank intends to conduct several more pilot programmes before considering a nationwide rollout.
“Our focus is on how the eCedi can facilitate faster cross-border settlements for businesses in the sub-region,” Dr Asiama stated. He stressed the importance of rigorous testing and broad stakeholder engagement to ensure the security and effectiveness of the digital currency system.
The Governor also noted that the Bank of Ghana is closely monitoring global trends in central bank digital currencies. At the same time, the BoG is collaborating with international partners to refine the eCedi project and ensure it meets world-class standards.
In summary, Dr Asiama made it clear that the eCedi remains very much on the Bank of Ghana’s agenda, with careful planning and further trials ahead before its full-scale introduction.
Source: Apexnewsgh.com