The media is crucial in restoring credibility, stability, and trust in policy direction and institutions amid Ghana’s economic recovery, industry players have asserted.
Speaking at the PRINPAG/Bank of Ghana event over the weekend, Professor Hugh Aryee, Vanuatu Trade Commissioner, highlighted the intersection of the economy with digital value systems, noting that understanding virtual assets and digital currencies is no longer optional for responsible journalism.
A key distinction was drawn between cryptocurrencies, which are often decentralized and speculative, and regional digital currencies, which are utility-driven and designed for trade, payment, and economic participation.
The African Diaspora Central Bank’s (AADCB) digital currency, the AADOM, is structured to support regional SMEs and financial inclusion, and is positioned to work alongside existing financial systems.
The AADCB is onboarding media houses onto its HanyPay platform to enable them to receive digital payments, monetize content, and participate in the digital economy.
The official urged the media to practice responsible reporting, differentiating innovation from fraud, and explaining digital finance without sensationalism to build public confidence and drive recovery.
The Bank of Ghana (BoG) has officially admitted six pioneering companies into its Regulatory Sandbox.
This initiative marks a significant step toward integrating virtual assets into the formal economy while ensuring the stability of the financial system.
The selected cohort will participate in a one-year testing phase designed to help the central bank validate proposed regulatory frameworks for Virtual Asset Service Providers (VASPs).
The Admitted Firms
Following a rigorous selection process, the central bank named the following entities as the first participants in this specialized virtual asset window:
Transika Ltd.
One Africa Securities Ltd.
Mansu Technologies Ltd.
Payafrione GH Ltd.
Akuna Wallet Ltd.
Afrix Paycoin Ltd.
As the Bank of Ghana (BoG) opens its doors to these six innovative firms, the financial landscape is set for a significant transformation.
