Ghanaian entrepreneur, Nana Kwame Bediako also known as Freedom Jacob Caesar, has reacted to the statement by the Bank of Ghana (BoG) which he claims is “misleading”.
The BoG on Freedom Coin Statement on Wednesday that it has learned of an anticipated launch of a cryptocurrency called “Freedom Coin.”
“The public is hereby cautioned that neither this cryptocurrency nor the promoting company has approval from Bank of Ghana to operate in the banking and payment sector,” the BoG stated.
It said that cryptocurrencies like Bitcoin were not controlled by any laws in Ghana and hence lacked any warranties or safeguards.
Meanwhile, N. K. Bediako had something oddly amusing to say about the BoG statement on “Freedom Coin”.
“Good morning Ghana our cedi is depreciating almost 8 cedis to a dollar. I think the Bank of Ghana has more to worry about than a Freedom coin that’s not even launched.”
A statement shared by his public relations officer highlights that the government of Ghana which practices a centralized system has no upper hand over a decentralized system.