The Bank of Ghana (BoG) has finalised a proof-of-concept to explore using digital credentials for international trade and cross-border payments with central bank digital currencies (CBDCs). This progress was part of Project DESFT (Digital Economy Semi-Fungible Token), a collaborative initiative by the BoG and the private sector, launched in June 2023. The project aimed to … Continue reading Bank of Ghana probes using CBDCs to overcome trade barriers