Ghana is seeking to establish itself as an African leader in crypto by introducing a new licensing regime that will help raise revenue.
Ghana Plans to Implement Crypto Licensing, Central Bank Governor Says
25 July 2025 - 09:28 CEST
The Bank of Ghana is in the process of finalizing a regulatory framework that will be in front of the parliament by September, according to Governor Johnson Asiama, who announced the plans in an interview with Bloomberg.
According to Asiama, the newly proposed law will enable Ghana to leverage cryptocurrencies, boost cross-border trade, attract investment, and gather more detailed financial data about the population of Africa’s ninth-largest economy.
Furthermore, the central bank has hopes that the new regulation may help better manage its volatile fiat currency – the cedi – and its challenges managing inflation.
Asiama pointed out that Ghana is “actually late in the game,” as many people in the country already use cryptocurrencies. About 17% of the adults in Ghana, or about 3.1 million people, own crypto assets, according to media reports citing finder.com’s Cryptocurrency Adoption Index.
The grey-zone nature of crypto in the country right now means that those transactions are being conducted without the government’s supervision and without safeguards to protect consumers. Ensuring they are regulated and overseen may also mean that the government can capture some of the revenue being generated in the nation's financial accounts.
