The Bank of Ghana (BoG) will begin regulating cryptocurrency and related platforms by the end of September 2025, Governor Dr. Johnson Asiama has announced.
Speaking at the African Leaders and Partners Forum in Washington, D.C., Dr. Asiama said the move hinges on the passage of the Virtual Asset Providers Act, which will empower the BoG to license and supervise digital asset operators.
“To ensure effective oversight, the Bank is setting up a dedicated digital assets unit,” he revealed. “This is a technology we cannot ignore, we must move quickly to regulate it.”
This marks a major shift from BoG’s 2018 position, when it warned Ghanaians that cryptocurrencies were not legally recognized and advised caution in their use.
The Securities and Exchange Commission has also made significant progress in establishing a regulatory framework for the sector, according to its Director-General, Dr. James Klutse.
Dr. Asiama used the forum held on the sidelines of the IMF/World Bank Spring Meetings to underscore the importance of macroeconomic credibility, inflation control, and fiscal discipline in restoring investor confidence and deepening US-Africa economic ties.
He stressed the need for African central banks to adopt bold reforms that strengthen transparency, resilience, and strategic autonomy in a rapidly evolving global financial landscape.