Ghana’s central bank has announced the launch of an eCedi hackathon. The project will run for 12 weeks and bring together teams of programmers, designers, engineers and other financial professionals to identify the potential use cases of a Central Bank Digital Currency (CBDC).
In June 2021, the Bank of Ghana was one of the first African central banks to declare interest in establishing a CBDC, and two months later it signed a contract with Germany’s Giesecke+Devrient (G+D) Currency Technology to commence with the first pilot project.
The hackathon is being run by Emtech, a startup company involved in multiple CBDC projects around the world. The company already has experience running research projects within emerging market economies. Earlier this year it announced a strategic partnership with the West African Monetary Institute. It’s also a participant in the Digital Dollar Project.
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