Analyzing the given news article and considering the previous news, it seems that the Bank of Ghana is taking steps towards exploring the use cases of Central Bank Digital Currency (CBDC). The central bank plans to host a 12-week hackathon where participants will work on exploring nine different use cases of e-cedis, the digital currency of Ghana. At the end of the hackathon, the bank will recognize individuals with outstanding solutions during a conference.
This news highlights the Bank of Ghana's proactive approach towards understanding and adopting CBDC technology. It shows that the central bank is actively engaging with the crypto community and seeking innovative solutions for financial inclusion challenges in Ghana.
In the context of the previous news, this development can be seen as a bullish move for the cryptocurrency market. It indicates growing acceptance and adoption of digital currencies by central banks, which can have a positive impact on the overall market sentiment. The recognition of outstanding solutions during the conference can also attract more attention and interest in the CBDC space.$CBK $RFRM $FUEL
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