Ghana’s eCedi Should Complement Mobile Money, Central Bank Says
- Bank of Ghana wants eCedi to be as intuitive as possible
- More than 40% of Ghanaian adults do not have a bank account
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Ghana wants to ensure its digital currency would function on a widely popular payment platform run by mobile-phone service providers.
The use of the eCedi, through which the Bank of Ghana seeks to improve financial inclusion, needs to be as intuitive as possible, the banking regulator said in a report released Tuesday. That means it needs to work well with mobile money, which has become an indispensable part of how people pay for goods and services using their phones.