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    Ghana’s total exports decline by 9%

    Cedi depreciates against the dollar by 22.5%

    Financial sector withstood 2022 shocks; positive signs ahead – BoG

    Water shortage to hit parts of Accra; businesses to be affected

    Excise tax amendment shows positive signs; rakes in GHS 140m 

    Ghana records over $200m trade surplus in two months

    Public debt hits GHS 575.5 billion; now 71.9% of GDP

    GEPA poised to achieve over $4bn target for non-traditional exports

    GRA fights off claims of harassing traders; calls for cooperation

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    Cedi depreciates against the dollar by 22.5%

    Financial sector withstood 2022 shocks; positive signs ahead – BoG

    Water shortage to hit parts of Accra; businesses to be affected

    Influx of Chinese tanker trucks will kill local businesses – Kwame Jantuah

    GRA fights off claims of harassing traders; calls for cooperation

    Hanno Barkhoff joins Kempinski Hotel Gold Coast City Accra as General Manager

    WTO Director-General calls for ratification of Fisheries Subsidies Agreement

    B5 Plus is an iconic testament of success of 1D1F initiative – K.T. Hammond

    BoG advised me to streamline Menzgold operations – NAM 1

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    Genius IT Foundation achieves STEM.org accreditation

    Pharmaceutical Society charged to utilize AI to transform industry

    Apple says iPhone and iPad apps will show up on the vision OS App Store from the get-go

    China launches $41 billion fund to accelerate semiconductor industry

    Digital marketing: Event managers urged to explore growth opportunities

    Govt. urged to commit more investments to enhance AI competencies

    Stakeholders in digital ecosystem charged to do more to protect child privacy

    Cyber hygiene key for public safety – Dr. Albert Antwi Boasiako

    Ban on cryptocurrency still in force – Finance Ministry warns

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    Ofori-Atta commends G20 for AU’s inclusion, urges common voice

    Nine ventures announced for Africa Money and DeFi Summit investment showcase

    African Union to launch regional credit rating agency in 2024

    New study reveals alarming food access disparity affecting 650 million Africans

    Global food price index declines in August

    ECO currency challenges: Technical committee attributes delays to external shocks, others

    African leaders emphasize in-continent processing of mineral wealth at climate summit

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Bank of Ghana to widen its scope on cryptocurrency

August 11, 2022
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The Bank of Ghana has assured stakeholders of its preparedness to sanitize the digital space with respect to cryptocurrency.

The Central Bank admits that in the initial stages of the new digital currency, there was a gap, however, the regulator has braced itself to make it cleaner while building public interest.

Speaking at the MTN MoMo Stakeholder forum under theme, ‘The impact of the Central Bank’s digital currency on future monetary policy and digital payments’, the Assistant Director in charge of Fintech and Innovation at the BoG, Clarence Blay, maintained that the digital position of his outfit is in consonance with global standards.

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Clarence Blay highlighted issues of the financial challenge confronting the banking sector in the past in relation to the digital space.

He said, “We understand the philosophy that brought this thing into being, more of a libertarian philosophy following the 2008 and 2009 financial crisis. We have to work together to have a clean the system.”

He further stated that “Based on our regular surveillance and global monitoring, we decided to explore central banks digital currency in deep.”

The Bank of Ghana currently believes that the industry is moving towards the deeper financial space.

However, in April, 2022, the Central bank issued cautionary directives to banks and other financial entities in its dealings in crypto currency trade and other unregulated investment schemes.

Source: Emmanuel Oppong
Tags: Bank of GhanacryptocurrencyGhana News
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