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The Bank of Ghana has teamed up with Giesecke+Devrient to test a general-purpose of Africa's Central Bank Digital Currency

 

The Bank of Ghana is collaborating with Giesecke+Devrient (G+D) on a pilot project in Ghana to test a general-purpose Central Bank Digital Currency (retail CBDC). G+D is supplying the technology and building the solution, which is tailored to Ghana's needs. The project is part of the 'Digital Ghana Agenda,' which calls for the country's 30 million citizens and government services to be digitized. Its goal is to make payments easier without the need for a bank account, contract, or smartphone, hence increasing the use of digital services.

Currency Technology by Giesecke+Devrient G+D has announced a pilot initiative in Ghana to implement e-Cedi. Filia, a G+D solution, blends the benefits of today's cash with the requirements of users in an increasingly digitized world. Filia ensures excellent security, availability, and resilience, as well as the capacity to protect user data while meeting regulatory standards. Design, implementation, and pilot will be the three phases of the project. All framework parameters for the CBDC pilot will be determined and defined throughout the design phase. These comprise the country's economic, regulatory, and technological needs, as well as the specifications for the test phase. As a result of these unique requirements, In the second phase, G+D's CBDC solution would be tailored to the Ghanaian setting. Using mobile apps and smart cards, a user group from various demographic and socioeconomic backgrounds will test the system in the field during the pilot phase.

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