The Bank of Ghana has adopted a retail token-based central bank digital currency (CBDC) as the 'eCedi of choice', which enables the currency to be stored locally on a card, on a phone, or a smart device and can be passed on from one user to another.
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The Bank of Ghana has adopted a retail token-based central bank digital currency (CBDC) as the 'eCedi of choice', which enables the currency to be stored locally on a card, on a phone, or a smart device and can be passed on from one user to another.
Local entities are increasingly relying on foreign banks for debt financing to meet the capital requirements of their business. In lending to local entities, foreign lenders consistently require a res..
Fintech and electronic payment systems have swept through the Ghanaian financial sector, bringing efficiency and access to consumers, as well as opportunity to service providers.
Technological disruption in the financial services sector has opened a new marketplace in Ghana to establish fintech companies.
Ghana does not have a general competition or antitrust legislation. As a result, there is no general competition regulator that oversees merger and acquisition (M&A) transactions. M&A transactions are, therefore, subject to industry-specific regulation.
Government institutions are now obliged to provide information about governance to the public. Under the new Right to Information Act, 2019 (Act 989), a person who applies for information from a public institution is not required to provide a reason unless the ..
Parliament recently passed the Insurance Act, 2021 (Act 1061) to replace the Insurance Act, 2006 (Act 724) and to provide for the regulation and supervision of the insurance market. Act 1061 creates three main licence categories under which ..
The past year has been a year of exciting initiatives for Ghana’s digital infrastructure. The Government has adopted digitization as a key policy objective and has recently introduced a number of programs designed to develop a more digitally accessible public sector..