Bank of Ghana (BoG) has completed a concept validation to explore the use of digital credentials for international trade and CBDC based cross-border payments. This concept validation is part of the "Digital Economy Semi Alternative Token" (ProjectDesft), which is an exploration by the Bank of Ghana and the Monetary Authority of Singapore on how to use technology to promote the participation of micro, small, and medium-sized enterprises in international trade in developing countries. Maxwell Opoku Afari, First Deputy Governor of Ghana Bank, said, "ProjectDeft aims to support African small and medium-sized enterprises in participating in international trade by eliminating major barriers they face in international trade, such as building trust with overseas trading partners and obtaining cross-border payment and supply chain financing support @dhwud @yikpark