Bank of Ghana to set up sandbox

Bank of Ghana is working to set up a sandbox to encourage innovation in the market and to test concepts like Central Bank Digital Currency. The first deputy governor of the central bank Dr Maxwell Opoku-Afari said Ghana’s economy has undergone phenomenal transformation over the past decade and this has led to the growing adoption of digital technology. He said the central bank, through the Ghana Interbank Payment and Settlement Systems (GhIPSS), has seen to the implementation of a portfolio of modern and robust interbank payments systems, including e-Zwich, GIP, ACH, GH-Link, and Mobile Money Interoperability and the establishment of the foundation for nationwide digital delivery of financial services.