Quote from: Kenter.Dic on January 04, 2018, 11:44:13 AM

Ghana invests 1% of its reserves in Bitcoin

The executive director of a large holding company in Ghana called on the central bank to invest one percent of its reserves in Bitcoin.

In an interview with Joy Business, Papa-Wassa Shefi Ndoum - vice president of Groupe Nduom - said that Bitcoin has grown so much that central banks can no longer ignore its precedents as a global reserve asset.

Referring to reports that predict that the US dollar will decline relative to other reserve currencies in 2018, Ndoum said that African central banks, such as the Bank of Ghana, should consider buying a small amount of Bitcoin while it is at a relatively low level compared with the record price in December last year.

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This is a misleading topic as it was a suggestion and not a confirmation of what the Ghanaian authorities are willing to do as you have represented in the title. Anybody can express an opinion based on the way they see it as the right one. And government in its own capacity does not work that way because a lot of factors are condsidered before even touching the national purse which in this case its reserves which does not belong to anybody but the entire populace.

In a democratic setting to spend a dime for the purse of government itself deserves some amount of lobbying and acceptance from the country's legislative house not to talk of investing it in something as volatile as crypto currency. I dont see that happening any time soon.