When I first came across the news that Nigeria had launched cNGN, a private-sector-backed stablecoin pegged 1:1 to the Naira, I was intrigued.
Nigeria had already pioneered Africa's first central bank digital currency (CBDC) with the eNaira back in 2021.
Now, with cNGN entering the picture, it became clear that Nigeria was rapidly evolving its digital currency ecosystem. But what about Ghana?
The eCedi had been one of the most anticipated digital currency projects in the region.
