GHANA PREPARES FOR OFFLINE USE OF CBDC E-CEDI.

The west African nation of Ghana has been pulling all gears to push further the use of its central bank digital currency (CBDC) e-Cedi. As per the latest development, the central bank of Ghana aims to bring e-Cedi use to offline transactions.

“Financial inclusion is limited by the availability of connectivity and power. What we hope to be able to do – and we’re one of the people pioneering this – is that the e-cedi would also be capable of being used in an offline environment through some smart cards.”

As per the World Bank data, nearly half of Ghana’s population has access to the internet. Also, a staggering 84% of the people have access to electricity. Thus, the Bank of Ghana noted that the e-Cedi would be working offline via the use of smart cards.

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