Ghana Joins the Bandwagon — Plans for CBDC, Still Wary of Crypto
Ghana is maintaining a cautious approach to cryptocurrencies despite its central bank’s plans to launch a digital currency in the new year. Over the past five years, the West African country has become the fastest-growing mobile money market on the continent. The burgeoning number of mobile money users is proof that digitized payments systems are providing a means for people to become financially active.
According to a 2019 economic analysis by the World Bank, the number of registered mobile money accounts in the country exploded from just 3.8 million to 23.9 million between 2012 and 2017.
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