Customers of Vodafone Cash and CalBank have been granted the opportunity to test the online version of Bank of Ghana’s Central Bank Digital Currency (CBDC), the eCedi.

The statement issued by the Central Bank of Ghana suggests that neither this investment scheme nor the Promoters of the company have obtained the approval of the Bank of Ghana, to operate in the banking and payment services sector.

The Bank of Ghana’s agenda to promote innovative and affordable digital financial services as a means of expanding financial inclusion and encouraging the use of digital payment is commonplace.

The statement issued by the Central Bank of Ghana suggests that the cryptocurrency nor the promoting company has no approval from the Central Bank of Ghana to operate in the Ghanaian banking and payment sector.