Ghana Plans to Release its Digital Currency in the Near Future

The authorities of the West African state of Ghana said they could issue their own digital currency soon. Officials say that negotiations with “key interested parties” are underway and the launch of their own cryptocurrency will take place in the very near future. The Central Bank of Ghana is going to launch a test project, which can make it possible to significantly increase the number of electronic payments in the state. Important to note is that the volume of payments through virtual financial systems is growing in Ghana, for example, in 2017 this figure was at the level of $982 million, and in 2018 it already amounted to $1.4 billion. “The digital era provides tremendous potential for the financial sector and requires reorientation to the new needs of consumers and businesses.” Recently, many countries have begun to work in this direction, we will see how this will affect the international financial system in the future.