Companies & Deals
Share
The governor of the West African nation’s central financial institution, Ernest Addison, announced that Ghana is interested in launching a digital type of the nation’s foreign money, the cedi, in the “close to future” and is in talks to develop a pilot venture in a “sandbox surroundings.” Addison’s remarks, made at Ghana’s Annual Banking Convention, had been disclosed in a public transcript.
The Bank of Ghana governor stated Ghana is in the process speedy digitization and has a burgeoning cellular banking sector pushed by cell phones. “Cellular cash” transfers elevated by 70 p.c from 2017 to 2018, he stated. In a transfer to harness that sector, Addison stated he had licensed the central financial institution to situation cellular cash backed 1:1 by cedi and held in digital wallets.
He added “So [the central bank] cannot create cash; they’re solely having a digital illustration of the cedi that the Bank of Ghana places into circulation. So it’s not crypto.”
Disclaimer of Warranty
The information provided in this article is for general informational purposes only. We make no warranties about the completeness, reliability, and accuracy of this information. Read full disclaimer
Related Articles

Companies & Deals
Stripe’s Reported PayPal Interest: A Signal of Payments Consolidation With Stablecoins in Focus?

Companies & Deals
Riot Platforms Faces Investor Pressure to Accelerate AI Infrastructure Expansion

Companies & Deals
German Financial Innovation: Stuttgart Stock Exchange Merges with Tradias in €500M Deal
Editor's Picks

UAE Stablecoins: Why They Are Built to Travel, Not Stay Local
Walid Abou Zaki
Feb 28, 2026
8 min

The Central Bank of the UAE Clearing the Noise Around Article 62
Walid Abou Zaki
Feb 25, 2026
5 min

Europe’s Crypto Purge: Did Lithuania Just Kick Out Innovation — and is the UAE the Beneficiary?
Salma Naueihed
Feb 18, 2026
7 min
Read More Articles
In the Same Space

JPMorgan Sued Over $328M Crypto Ponzi Scheme
News Desk
Mar 17, 2026
3 min

Bithumb Hit With $24M Fine, Partial Suspension in Korea
News Desk
Mar 17, 2026
2 min

Georgia Signals Stablecoin Shift as NBG Builds on VASP Framework
Walid Abou Zaki
Mar 17, 2026
4 min

US, UK, Canada Launch Operation Atlantic to Combat Crypto Fraud
News Desk
Mar 17, 2026
3 min