The Bank of Ghana is taking steps toward the development of a central bank digital currency (CBDC) by partnering with a German currency technology provider.
The apex bank officially announced Wednesday that it signed an agreement with German banknote and securities printing company Giesecke+Devrient (G+D) to pilot a retail CBDC in the country.
As Imoh Edet reports, the agreement between Ghana’s central bank and G+D will provide its proprietary CBDC solution known as Filia to pilot the issuance of a digital form of Ghana’s national currency, the cedi.
