The design phase, which involves the design of the digital money, is completed. Ghana’s central bank partnered with a U.S. company called EMTECH, a fintech startup dedicated to central banks. What is a Central Bank Digital Currency (CBDC)? The Central bank digital currency is the digital form of a country’s fiat currency. The supply of the Central bank digital currency will be wholly determined and controlled by the central government.

Source: GhanaWeb August 28, 2021 11:37 UTC