Ghana's Vice President plans to accelerate E-Cedi rollout, a digital currency, to combat money laundering and corruption.
Ghana's Vice President, Dr. Mahamudu Bawumia, has revealed plans to accelerate the rollout of the E-Cedi, a digital version of the local currency, which he believes will be a key tool in combating money laundering and corruption. The Bank of Ghana conceived the E-Cedi in 2021, successfully completing a pilot test. The digital currency has the potential to mitigate money laundering, corruption practices, and reduce tax avoidance. The use of digital technology to track money and suspicious activity is seen as crucial in the fight against corruption.
May 09, 2024
6 Articles