Business News of Wednesday, 27 November 2019Source: citibusinessnews.comBoG to consider introduction of E-Cedi to boost digital transactions in futureDr Ernest Addison, Governor, Bank of GhanaThe Bank of Ghana has announced plans to introduce an electronic currency, E-Cedi, in the near future to enhance digital financial services in the country. According to a report by the Bank of Ghana, digital transactions such as mobile money keeps increasing in the country, while the value of cheques issued by commercial banks keeps declining. “Let me note that the future of financial services is digitization. According to the Bank of Ghana, 16 tech firms have so far collaborated with 22 banks to offer various digital services. Dr Ernest Addison said the introduction of the e-currency forms part of the regulation of the financial services sector to meet the country’s growing demand for digital transactions.

Source: GhanaWeb November 27, 2019 01:29 UTC