The Vice President, Professor Jane Naana Opoku-Agyemang, has announced that the Bank of Ghana will soon begin developing and testing an electronic cash payment system, known as the e-Cedi.
She said the move forms part of government’s efforts to modernise the country’s financial sector and strengthen the use of technology in economic transactions.
The e-Cedi initiative was first explored in 2021 under the leadership of then-Governor Dr Ernest Addison. It is envisioned as a Central Bank Digital Currency (CBDC) that will serve as a digital alternative to physical cash.
Speaking at the launch of the 60th Anniversary Celebration of the Cedi in Accra on Tuesday, the Vice President highlighted the potential of the e-Cedi to enhance Ghana’s financial ecosystem.
“If the e-Cedi payment system is implemented, it will support the vision of a cashless economy, enhance financial inclusion, strengthen confidence in the cedi as Ghana’s sole legal tender, and ensure its continued relevance,” she said.
