How Far You Can Go With Bitcoin in Ghana (and Make Juice Out of Stone)
Ghana is a big time cash society. Though before the country's 2007 redenomination, one needed to load sacks full of money before purchasing a house, car or land. Everything is paid for with money, and in a few cases by cheque. The twenty thousand Cedis note was equivalent to $2. Cashless society only a dream. Government attempts towards a cashless society has been a fiasco, just like most government projects are notoriously known here. Case in point is the E-Switch project initiated by the state in 2008. Through the National Switch, the new Universal Electronic Payments (UEPS) technology....
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When it comes to valuation of any commodity there are two main players in the game, producers and investors. Let's take an example from the real world orange juice market. There are producers, the orange farmers, who utilize their land to create material commonly known as oranges. The primary requirements to produce oranges are land, farming equipment and labor. Add the cost of the resources together and the farmer has a base price in which he is willing to sell them. Orange juice manufacturers are buyers of the oranges to produce a good, orange juice, that we all enjoy from time to time.....
Ghana is one of the few African countries that is hopping on the cryptocurrency train. The country is particularly taking concrete steps towards embracing this innovation. During the Fifth Ghana International Trade and Finance Conference in Accra, The Vice President of Ghana – Dr. Mahamudu Bawumia – said that African governments should embrace virtual currencies. […]
Following a two-year hiatus, the American magazine that’s dedicated to music, politics, and popular culture, Rolling Stone, announced the return of Rolling Stone Live. According to the publication, the Rolling Stone Live event marks the company’s first collaboration with Coinbase and the two firms will be dropping exclusive non-fungible tokens (NFTs). Rolling Stone Live 2022 Will be Presented by Coinbase This Year, Event Will Feature a Limited Edition Collection of NFTs Crafted by 12 Digital Artists Rolling Stone has teamed up with Coinbase in order to drop an exclusive....
Land in many parts of Africa remains an emotive subject. Often fought over, few governments seem to have a clear approach to handling sensitive land issues. However one group in Ghana the Africa Youth Peace Call has come up with a novel way of solving the land question in Northern Ghana - by registering land titles on the block chain. Land Ownership in Ghana - The Bottlenecks. Northern Ghana is home to some of the richest arable land in the country. It however also plays host to Ghana's poorest citizens. In a paper written for the Food and Agricultural Organization, former Ghanaian....
The Ghanaian central bank is seeking to make its digital currency, the e-cedi, available to offline users, an official with the bank has said. Overcoming the Challenge of Limited Power According to Kwame Oppong, who heads fintech and innovation at the Bank of Ghana (BOG), the e-cedi is also expected to facilitate transactions without the need for power or connectivity. “Financial inclusion is limited by the availability of connectivity and power. What we hope to be able to do – and we’re one of the people pioneering this – is that the e-cedi would also be....