Ghana IntelBrief
Back to Latest Briefings
BoG shifts focus to cross-border use of e-cedi digital currency
May 22, 2026
AI-Enhanced

BoG shifts focus to cross-border use of e-cedi digital currency

Money
Policy
Opportunity
Growth

Key Points

  • The Bank of Ghana (BoG) is advancing plans to deploy its digital currency, the e-cedi, for cross-border settlements and wholesale payments.
  • The e-cedi project has successfully completed its pilot phase, moving towards a full rollout.
  • The central bank is focusing on how the e-cedi can facilitate faster international transactions, support regional trade integration, and improve the efficiency of large-value payments within Ghana.
  • Ghana's digital finance reforms and interoperable payment systems are positioning the country as a key player in shaping emerging financial markets and fostering a connected African financial market.
  • The development of the e-cedi reflects Ghana’s commitment to modern financial infrastructure tailored to Africa’s economic realities and strengthening regional collaboration.

Why This Matters

The e-cedi's advancement for cross-border and wholesale payments is highly significant for Ghana as it promises to streamline international trade and enhance the efficiency of its financial system. This initiative positions Ghana as a leader in digital finance within Africa, potentially attracting investment and fostering greater regional economic integration by facilitating seamless transactions across the continent, thus driving economic growth and modernizing its financial infrastructure.

Read Full Article

View original source

Related Articles

GoldBod denies GH¢1bn BoG overdraft claim, demands retraction and apology from Boako

August 24, 2026

GoldBod denies GH¢1bn BoG overdraft claim, demands retraction and apology from Boako
  • The Ghana Gold Board (GoldBod) has vehemently denied claims by MP Dr. Gideon Boako that it owes the Bank of Ghana (BoG) a GH¢1 billion overdraft.
  • Dr. Boako, a Deputy Ranking Member on Parliament’s Finance Committee, questioned GoldBod's reported GH¢907 million profit, stating an outstanding overdraft would reflect a loss.
  • GoldBod labeled Dr. Boako’s claim as “totally false,” a “deliberate and malicious smear campaign,” and demanded a retraction and apology.
  • This dispute is set against a broader political and economic debate concerning GoldBod’s financial performance and the accounting treatment of GH¢22 billion losses from the Domestic Gold Purchase Programme (DGPP).
  • GoldBod asserts it has never taken any loan, overdraft, or debt instrument from the Bank of Ghana or any financial institution since its establishment.
Read full briefing

GoldBod losses remain key on Minority agenda as Parliament reconvenes – Afenyo-Markin

August 24, 2026

GoldBod losses remain key on Minority agenda as Parliament reconvenes – Afenyo-Markin
  • The NPP Minority Leader, Alexander Afenyo-Markin, reaffirmed the caucus's commitment to investigate a reported US$1.7 billion loss linked to the Bank of Ghana’s Domestic Gold Purchase Programme and the Ghana Gold Board (GoldBod).
  • This commitment was reiterated after Afenyo-Markin met with NPP flagbearer Dr Mahamudu Bawumia in Accra.
  • Dr Bawumia commended the Minority Caucus for its accountability efforts and encouraged their continued work.
  • The reported loss, equivalent to about 1.5% of Ghana’s GDP, will be a key issue for the Minority as Parliament reconvenes.
  • The Minority is resolute in pursuing the matter to get answers for the Ghanaian public regarding the circumstances of the loss.
Read full briefing

Ghana IntelBrief

August 23, 2026

Why celebrate $2.62bn FDI while losing $1.7bn under the Domestic Gold Programme? IERPP asks
  • The Institute of Economic Research and Public Policy (IERPP) welcomes Ghana's US$2.62 billion Foreign Direct Investment (FDI) as a sign of investor confidence.
  • However, IERPP tempers this optimism with concern over an estimated GH¢22 billion (US$1.7 billion) loss from the Domestic Gold Purchase Program (DGPP).
  • The DGPP loss is significant, equating to about 65 cents for every US$1 of FDI attracted, highlighting a major resource management issue.
  • IERPP emphasizes that while FDI is crucial, it cannot substitute for prudent management and protection of existing public resources.
  • The Institute calls for greater transparency, a clear breakdown of DGPP losses, and intense scrutiny from accountability institutions, Parliament, and civil society.
Read full briefing