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The Bank of Ghana (BoG) will begin a pilot of the digital cedi in a sandbox environment in September, the First Deputy Governor of the BoG, Dr Maxwell Opoku-Afari, has said.
Speaking after the opening session of a two-day training for Journalists for Business Advocacy on Understanding Monetary Policy in a Post-Pandemic Era, the First Deputy Governor said the digital cedi was important to deepening digital transactions in the economy.
“Digital Currency is part of the central bank acknowledging the need for digital payment and digital delivery of financial services. By this, the Bank of Ghana will provide a platform on which we can add more value to digital transactions,” Dr Opoku-Afari said.
look back over the last 10 or 20 years and the cost of education has skyrocketed. that isn t because education cost goes up, it s because of the value of the money that s goes down. young people know this and they are studying and looking at economics and looking at the federal reserve system because it is the business cycle that can be explained by understanding monetary policy and the federal reserve. economic liberty is very important. you come to the conclusion that economic liberty is important because individual liberty is important. in our founding jefferson stated very clearly. our lives are gifts from our god. and therefore your income, the fruits of your labor should be yours and not the government s to spend. [ applause ] so we were given a country and it was a great country and great prosperity, the largest middle class in the world.