Central Bank of Ghana will pilot CBDC in September 2021

Ghana is the hottest African nation to join the “CBDC rush” as the country’s deputy central financial institution governor announced that CBDC trials will officially start off in September 2021.

Deputy Governor of the Central Bank of Ghana (BoG) Maxwell Opoku-Afari informed the media that the country’s CBDC study has reached its last phases. The BoG is anticipated to launch a trial of the digital Cedi in September 2021.

Speaking to the media at a conference organized by Corporate Advocacy Magazine, the deputy governor also mentioned the bank’s pilot accomplishment price will figure out the following techniques. The official launch date has not but been uncovered by Mr. Maxwell Opoku-Afari.

Earlier, in June 2021, BoG Governor Ernest Addison mentioned the pilot plan would attain the milestone of “few people capable of using digital Cedi on mobile applications.”

BoG Governor Ernest Addison mentioned in June that the pilot plan would attain the stage exactly where “few people can use digital cedi on mobile apps,” CoinDesk reported at the time.

Currently, BoG is a single of the initially banking institutions in Africa to carry out CBDC-connected function. Recently, on July seven, the Central Bank of Jamaica also announced that the nation is prepared to check CBDC and will be officially launched in August 2021.

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