1. Ghana partners with Giesecke + Devrient (G+D) to pilot a general purpose Central Bank Digital Currency (CBDC) in Ghana.

2.CBCD presents a great opportunity to build a robust, inclusive, competitive and sustainable financial sector led by the Central Bank according to Dr. Addison

3. The CBDC will use Giesecke + Devrient filia solutions which includes the ability to conduct offline payments, a flexible balance between privacy and transparency and the opportunity to integrate filia into larger payment ecosystems.

4. The CBDC serves as an opportunity to eliminate the need for a Bank account, requiring a smartphone or other form of digital wallet.

5.The BoG is in the advanced stages of introducing a digital currency as disclosed by Dr. Addison, the governor of the Central Bank.

6. Before the E-Cedi goes into circulation, it will go through three phases of which the final stage will determine whether the digital currency will be feasible.

7. The team after advancing in the first phase to design the electronic money, are looking into the implementation phase and finally the pilot stage which allows a few people to use the digital cedi on the mobile App.

8. The final stage helps identify what sort of things needs to be adjusted to make it work effectively.

9. Filia guarantees outstanding security, high availability and resilience as well as the ability to protect user data while complying with regulatory requirements.

10. It is worth noting that the activities of crypto currencies were currently not regulated because of their volatility.

11. As part of the Digital Ghana Agenda, the Bank of Ghana is in partnership with Giesecke + Devrient (G+D) to pilot a general purpose Central Bank Digital Currency (CBDC) also known as the E-Cedi.

12. The issuance of the E-Cedi is intended to complement and serve as an alternative to physical cash in Ghana, facilitate payments without bank accounts, contracts or smartphone.

13. The E-Cedi before rollout will undergo a pilot phase where a diversified user groups will test and share their perspectives and experiences to provide Bank of Ghana and G+D make adjustments and determine the acceptance or otherwise of the E-Cedi.

14. The Ghanaian government according to Dr. Wolfram Seidemann is one of the first African countries entering into a pilot phase of the digital currency project.

15. The CGBC Solution adopted for the E-Cedi project is called Filia. Filia because it guarantees outstanding security, high availability and resilience, user data protection, secure, consecutive offline payments and it fulfils all regulatory requirements.

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