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Focus On Your Weak Cedi And Stop Commenting On My Freedom Coin – Cheddar Shades BoG

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Focus On Your Weak Cedi And Stop Commenting On My Freedom Coin - Cheddar Shades BoG

One renowned Ghanaian Billionaire, Nana Kwame Bediako, popularly known as Cheddar, has approached the Central Bank to focus on the burdens of Ghana’s falling money over his impending financial development.

This comes following a watchfulness from the Bank of Ghana to prospecting financial backers against a yet-to-be-sent off new cryptocurrency named Freedom Coin by Cheddar.

The Bank demanded that the said coin and other cryptocurrencies have not been authorized for activity in the financial space.

The cedi as of the time that president Nana Akuffo Addo was made the president of Ghana, has been depreciating with no terms of stopping as far as the US dollar is concern. General society is thusly forewarned that neither this cryptocurrency nor the advancing organization has endorsement from Bank of Ghana to work in the banking and installment area,'” bits of the BoG’s March 9 notification read.

As of Thursday, the cedi was selling at ¢7 to the US Dollar, a circumstance many have said is influencing the expense of carrying on with work in the country.

The financial specialist, otherwise called Freedom Jacob Caesar, demands these are the issues that ought to connect with the consideration of the Bank of Ghana.

Cheddar, the man in question, had gotten pissed on how the BoG advised the Ghanaian citizens on his in coming “Freedom Coin”. He on twitter expressed his opinion on Bank of Ghana statement ahead of his freedom coin.

The Bank of Ghana has reported that it has not allowed endorsement for the utilization of a cryptocurrency named “Freedom Coin” in the banking and installment area.

Back in August, 2018, the Central Bank deterred Ghanaians against the utilization, holding, and exchanging of virtual or computerized monetary forms inside the cryptocurrency space.

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