Business News of Saturday, 12 October 2024

Source: Bank of Ghana

Bank of Ghana's eCedi wins Innovation in Digital Currency Design award

Dr. Ernest Addison, BoG Governor Dr. Ernest Addison, BoG Governor

At the 2024 Payment, Innovation and Technology Week held from the 23 to 26
September 2024 in London, United Kingdom, organised by Currency Research, the
Bank of Ghana was adjudged the winner of the Innovation in Digital Currency
Design for Financial inclusion.

The award was on account of the Bank’s compelling demonstration of the eCedi’s
design elements, encompassing governance, accessibility, (online and offline),
interoperability, and infrastructure with the potential to promote financial
inclusion.

The award was also in recognition of the Bank’s ecosystem engagement
approach, which included the:

A. Participation of banks and payment service providers during the eCedi pilot;

B. eCedi Hackathon, which invited the public to demonstrate their innovative
ideas using the eCedi; and

C. Live trial experience of the eCedi during the 3iAfrica Summit where participants were able to make payments for goods and services at the 3i
Africa Summit Digital Village

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