Auto Added by WPeMatico

Ghana Central Bank Reiterates Warning Against Practice of Pricing Goods in Forex

The Bank of Ghana has warned businesses and the public against the practice of demanding or making payments in foreign currency without its authorization. The central bank’s warning comes just…

Continue ReadingGhana Central Bank Reiterates Warning Against Practice of Pricing Goods in Forex

Ghana CBDC Development: New Central Bank Document Outlines Key Motivations for Issuing the Digital Currency

In a recently released document, the Bank of Ghana (BOG) outlines some of its key reasons for developing the central bank digital currency (CBDC). Also, in the document, the bank’s…

Continue ReadingGhana CBDC Development: New Central Bank Document Outlines Key Motivations for Issuing the Digital Currency

Tanzanian Central Bank Preparing for CBDC to Ensure Country Is Not Left Behind

Florens Luoga, the governor of the Bank of Tanzania, said the apex bank has kickstarted preparations for a central bank digital currency. He said the bank was doing this to…

Continue ReadingTanzanian Central Bank Preparing for CBDC to Ensure Country Is Not Left Behind

Bank of Ghana Urged to Resist Developing a CBDC Based on ‘Old Traditional Siloed Financial Thinking’

A Ghanaian blockchain and crypto association, Afroblocks, has warned the Bank of Ghana (BOG) to resist the urge to develop a central bank digital currency (CBDC) that is based on…

Continue ReadingBank of Ghana Urged to Resist Developing a CBDC Based on ‘Old Traditional Siloed Financial Thinking’