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E-cedi now accepted for transactions in Sefwi Asafo

Adnan Adams Mohammed

The long awaited implementation of E-cedi is now accepted for daily transactions in Sefwi Asafo, a town in the Western North Region, on a pilot basis, the Bank of Ghana (BoG) has disclosed.

The pilot is the offline version of the e-cedi which are used for buying daily necessities such as food, clothes etc.

The e-cedi is a digital replica of the Cedi notes and coins which can be redeemed for physical cash and used for varied payments.

“So far, the usage and uptake of the offline version of the e-cedi is being piloted in a small town called Sefwi Asafo, in the Western North Region”,  the Governor of the central bank, Dr Ernest Addison, last week, at the Ghana CEOs Summit in Accra.

“Selected users in that community have been using the e-cedi for daily purchases such as food, groceries and drinks”.

“The BoG will continue to work with these users to obtain the critical usage data that will inform the decision about the e-cedi’s future after the pilot.”

He added, “these are clearly landmark events in providing digital leadership with the payment systems to lead to a digitalised economy in the near future.”

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