Ghanaian Vice President Mahamudu Bawumia implored African governments to start exploring digital currencies, as such alternatives have the potential to improve intra-African trade. In addition, these digital currencies allow African countries to make all cross-border payments smoothly, the leader explained.

Ghanaian government support to the CBDC
According to a report, Bawumia made the comments while addressing guests at the opening ceremony of the Ghana International Trade and Finance Conference (GITFIC) in Accra. The report also quotes Bawumia praising the Ghanaian central bank’s e-cedi project. He said the Ghanaian government was ready to “give it the credibility and legal backing to use it.”

As previously reported by Bitcoin.com News, the Bank of Ghana (BOG) is one of the first African central banks to announce the start of the pilot phase of its central bank digital currency (CBDC). However, the final approval of this CBDC will depend on the outcome of the pilot phase.

Source>>>> https://entmetrics.com/ghana-vice-president-praises-central-banks-cbdc-initiative-says-digital-currencies-can-boost-intra-african-trade/