Ghana government backing for CBDC (digital currency) bitcoin.com

[Dari-phil44]

The ghanian vice president, Mahamudu Bawumia, has implored African government's to start exploring digital currencies as such alternatives have the potential to enhance intra-African trade. In addition, such digital currencies allow African countries to carry out all across border payments smoothly, the leader explained.
According to a report, Bawmia made these comments while addressing guests at the opening of the Ghana international trade and finance conference (GITFIC) in Accra. The report also quotes Bawumia commending the ghanian central banks e-cedi project. He added that government will give it the support of the pilot phase take off it's central bank digital currency. However, final approval of the CBDC will depend on the outcome of the pilot phase.
He said that this system can also act as an alternative to the current high cost and long corresponding banking relationships by facilitating trade and other economic activities across the continent of Africa through a single, low-cost and risk controlled payment clearing and settlement system.

[usernameyaya]

Yes, the work efficiency of African banks is very low at present, and even a simple transfer will cost too much. The transfer speed between different banks is also very slow. You can work efficiently with digital currency.maybe it need more time,but it's a good thing.

[BATHES]

Ghana is a country that has been free from wars for half a century and belongs to a country with a relatively active economy in Africa. The government's support for Bitcoin is the right decision. Because his main trading partner Nigeria also supports Bitcoin.

[Davidvictorson]

The ghanian vice president, Mahamudu Bawumia, has implored African government's to start exploring digital currencies as such alternatives have the potential to enhance intra-African trade. In addition, such digital currencies allow African countries to carry out all across border payments smoothly, the leader explained.
According to a report, Bawmia made these comments while addressing guests at the opening of the Ghana international trade and finance conference (GITFIC) in Accra. The report also quotes Bawumia commending the ghanian central banks e-cedi project. He added that government will give it the support of the pilot phase take off it's central bank digital currency. However, final approval of the CBDC will depend on the outcome of the pilot phase.
He said that this system can also act as an alternative to the current high cost and long corresponding banking relationships by facilitating trade and other economic activities across the continent of Africa through a single, low-cost and risk controlled payment clearing and settlement system.

Ghana, a forward thinking nation with visionary leaders. If the outcome of the e-cedi project is successful, it will become easy for them to appreciate bitcoin more and soon start plans of using it as a complementary currency for transactions.

[BATHES]

Cryptocurrency is good for African countries. You can avoid the high cost of bank transfers.

[tabas]

Cryptocurrency is good for African countries. You can avoid the high cost of bank transfers.

It also gives an alternative profit for the people there and the volume gets higher and higher everytime it's on the news.
That's why some countries there are starting to get interested and as well as delaying the progress of trading cryptos there.

[dondonk]

Yes, the work efficiency of African banks is very low at present, and even a simple transfer will cost too much. The transfer speed between different banks is also very slow. You can work efficiently with digital currency.maybe it need more time,but it's a good thing.

If this is the case, I think cryptocurrencies will be very helpful in speeding up business transactions, especially if you use bitcoin. The president of ghana's efforts are correct.

[hornetsnest]

What the fuck yall yammering on about this being good for bitcorn and other cryptocurrencies? When the central banks get yall off the paper notes and digitized they will kill off the competition. Hoard your money in bank and you will be charged negative interest. Spend your money and you will pay fees .Buy new shit thats not recycled and you will pay a flat tax on each purchase etc blah blah.

The whole fucking plan is for clowns to end up on digits and when you disobey mandates like taking a fucking vaccine up your hole (like in Nigeria) you will no longer have access to their "services" to transact your fucking digits.