Ghana is a west African country with an area of 239,500 square kilometers and a population of 28 million people. Ghana has one of the fastest growing economies in the word. Ghana has a rich resource base that includes petroleum and precious metals, plus a developed industrial sector that produces automobiles and electronics. The Ghanaian economy, if properly improved in property rights and market transparency, could become the strongest in Africa. There is no certainty about the position of Bitcoin in Ghana. Ghana has no Bitcoin regulation; however, trading Bitcoin is not legal, as it is yet to be recognized as a form of currency. All mediums of exchange in Ghana should be approved by the Bank of Ghana and Bitcoin’s status is under consideration. The central bank of Ghana issued Bitcoin-related warnings which cautioned the public on the use of it and related risks.
Afroblocks’ co-founder urges Ghana’s central bank to involve the in-house crypto experience and expertise to help the e-cedi succeed.
Ghana’s digital cedi must emulate cryptocurrencies, Afroblocks states
Digital currencies are primed to reinvent trade between African countries.
Ghana's vice president declares Africa should embrace digital currencies
Ghana is striving to become the first African nation to float a central bank digital currency.
Ghana gearing for central bank digital currency pilot
African crypto adoption has exploded in 2020, prompting fears of a heavy-handed regulatory response
Booming African crypto adoption drives concerns over regulation
The Bank of Ghana’s first deputy governor says the institution remains committed to piloting a central bank digital currency.
Ghana’s Central Bank Confirms It’s Still Looking to Pilot a Digital Currency
Blockchain technology could help the African gold industry boost the continent’s economic growth, even during the coronavirus pandemic.
African Gold’s Position Amid the Global COVID-19 Crisis
Africa remains one the most economically potential regions in the world, crypto and blockchain will help to drive its development.
Future of Currency in W. Africa: CFA Franc Collapse and Eco Inadequacy