Dr Zakari Mumuni is the First Deputy Governor of the BoG
The First Deputy Governor of the Bank of Ghana, Dr Zakaria Mumuni, has emphasised that Ghana is laying the groundwork for one of the continent’s most ambitious digital finance transformations, with the Bank of Ghana indicating that the e-Cedi will serve as a cornerstone of the country’s future digital economy.
Delivering a keynote presentation at the Cedi@60 International Currency Conference on November 19, 2025, Dr Mumuni stated that Ghana’s unique digital footprint positions the country to adopt a central bank digital currency (CBDC) at scale.
He noted that Ghana’s deliberate investments in foundational digital systems, including the national ID architecture, the digital addressing system, and a fully interoperable payments ecosystem—have created an enabling environment unmatched in much of Africa.
‘Don’t Squeeze the Cedi’: BoG takes currency sensitisation to Makola Market
“This invisible but powerful infrastructure provides the rails on which the e-Cedi can be seamlessly integrated into everyday transactions, financial services, and enterprise operations,” he explained.
“Ghana is uniquely positioned for successful e-Cedi adoption. As digital payments grow, the need for a secure, sovereign, and interoperable digital currency becomes urgent,” he added.
Dr Mumuni further highlighted Ghana’s demographic advantage, describing the country as home to a vibrant generation of digital natives whose entrepreneurial energy and rapid adoption of mobile and online services provide the e-Cedi with a ready-made user base.
He argued that the digital currency will enhance payment efficiency, reduce systemic friction, and boost security and reliability for both consumers and businesses.
“This is where the e-Cedi comes in. It builds on our existing progress, ensuring that every Ghanaian, regardless of location or institution, can transact seamlessly within a trusted, central-bank-backed framework. It represents the next frontier of Ghana’s digital journey: a more progressive, resilient, and inclusive economy.”
SP/MA
All you need to know about Ghana’s new vehicle number plates |BizTech:
