The Bank of Ghana (BoG) has been recognised on the global stage for its groundbreaking work in digital currency development.

The central bank won the prestigious “Innovation in Digital Currency Design for Financial Inclusion” award at the 2024 Payment, Innovation and Technology Week.

The event, held from September 23 to 26 in London, United Kingdom, was organised by currency research.

This accolade highlights the eCedi’s innovative design, particularly its governance, accessibility both online and offline, interoperability, and infrastructure, all of which aim to boost financial inclusion in Ghana.

The award also recognized the Bank of Ghana’s collaborative ecosystem approach, which actively engaged banks, payment service providers, and the public during the eCedi pilot phase.

Key initiatives included:

• The participation of financial institutions and payment service providers in the eCedi pilot program.

• The eCedi Hackathon, inviting the public to showcase innovative applications using digital currency.

• A live trial at the 3iAfrica Summit, where participants made payments using eCedi at the Digital Village.

This award solidifies the Bank of Ghana’s position as a leader in digital currency innovation, with a focus on promoting financial inclusion for all.