So the politicians will move around some money, of which a big part will go to their pockets. Typical poor/corrupted country "job".
However, ... is internet so widely developed in Ghana? Or will they pilot it, then decide it's not possible to do it on full country scale?
I always have a bad feeling when undeveloped countries run to meet the hype, saw it even in my country how the solar madness started with the government giving away money only to suddenly realize both central and northern Europe is not really the place for solar panels, the same race with cultures for bio fuel in other countries where the forest ended being cut, normal produce decimated, government subsides after subsides only to be a total flop.
Back in the same area, the tens of cities that were supposed to be either the next Silicon Valley or Las Vegas, I think that there is not a single ex-soviet state that hasn't burned billions it trying to build one and many more across the globe.
Besides, 80 literacy rate,
internet penetration at 50%, poverty line at 13% and only because the line is set at 1.9$ a day?
I think you would have better things to do than a CDBC.
Well, it’s cool ... Ghana does not look like a bad "test site" - good economic indicators (one of the ten largest gold producers), bauxite, manganese, oil, gas, ... The main sector is agriculture and there is the second position in the world in supply of cocoa beans ....
Raw material and agricultural exporter, that has less than 10% of processed goods and that imports everything needed in order to make those, from machinery to chemicals.
Plus:
Overall real GDP growth rate of 0.9 percent;
Overall non-oil real GDP growth rate of 1.6 percent;
End-period December year-on-year inflation of 11.0 percent;
Overall budget deficit (on cash basis) of 11.4 percent of GDP;
Primary balance deficit of 4.6 percent of GDP; and
End-period December stock of Gross International Reserves to cover at least the equivalent of 4.0 months of imports of goods and services.
No CDBC will be able to fix this!