Digital currency is the way to go in boosting economic growth – Bawumia

July 29, 2021 myjoyonline 0 Comments

Vice President Dr Mahamudu Bawumia says it is time African governments embrace digital currency (bitcoin) to facilitate trade and enhance other productive sectors of their economies.

He, therefore, lauded the Bank of Ghana’s decision to pilot digital currency later this year towards its nationwide roll-out in the near future, saying that it would give it the needed credibility and legal backing for usage.

Addressing participants at the opening ceremony of the Fifth Ghana International Trade and Finance Conference (GITFiC) in Accra on Tuesday, Dr Bawumia said, Intra-African trade had created the need to establish a Single Central Payment platform on the African continent where financial system operators could carry out all cross-border payments smoothly.Read More.

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