The upcoming e-Cedi central bank digital currency (CBDC) will support offline transactions according to the Bank of Ghana.
Speaking during the 2021 Ghana Economic Forum, Kwame Oppong, the Head of Fintech and Innovation at the Bank of Ghana (BoG), said that offline functionality will allow Ghanans who lack reliable access to electricity and internet connectivity to embrance the CBDC.
84% of Ghanaians have stable electricity but just 53% have internet access.
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SEE ALSO: [WATCH] We Are in the Implementation Phase of the e-Cedi CBDC, Confirms Governor, Bank of Ghana
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The Ghana Economic Forum 2021 is happening between October 18 – 20 2021 with the theme: “Strengthening Home Grown Policies to Underpin the National Digitasation Drive and Shared Financial Prosperity’ and features the following guests:
- Keynote Speaker – Nana Akufo-Addo, President of Ghana
- Dr. Enest Addison – Governor, Bank of Ghana
- Ken Ofori-Atta – Minister of Finance, Ghana
- Ala Kwadwo – Minister of Trade and Industry
- Abena Poku – Managing Director, Absa Bank, Ghana
- Patience Akyianu – Group CEO, Hollard Ghana
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RECOMMENDED READING: [WATCH] ‘The Ghanaian Government is Ready to Give Needed Credibility and Legal Backing for e-Cedi CBDC Usage,’ Says Vice President
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