The Bank of Ghana (BoG) has been awarded the Innovation in Digital Currency Design for Financial Inclusion during the 2024 Payment, Innovation, and Technology Week, which took place in London, UK, from September 23 to 26.

The event was organized by Currency Research.

This recognition was based on the Bank's effective design of the eCedi, featuring strong governance, accessible (both online and offline) functionality, interoperability, and infrastructure aimed at advancing financial inclusion.

The Bank’s approach to ecosystem engagement was also a key factor in earning this award. This approach included:

Involvement of banks and payment service providers in the eCedi pilot.

Organizing the eCedi Hackathon, which encouraged the public to present innovative ideas.

Conducting a live trial of the eCedi at the 3iAfrica Summit, allowing participants to make payments at the Digital Village for goods and services.