Cash-lite economy could reduce cost of replacing Ghana’s currency – Prof. Bokpin
Bokpin was speaking in a yet-to-be-aired documentary, “The Trust Crisis,” ahead of the maiden Digital Economy Forum under the theme, “The Trust Crisis: Why Fraud Is Holding Back Ghana’s Digital Economy.
Economist and Professor of Finance at the University of Ghana Business School, Godfred Bokpin, says Ghana’s transition to a cash-lite economy could help reduce the cost of replacing physical currency.
He says as more people use digital payments, less cash will be handled daily, reducing pressure on banknotes and helping prolong the life of the country’s currency.
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