Ghana’s central bank is poised to begin regulating cryptocurrency platforms by the end of September 2025, according to the Bank of Ghana (BoG) Governor, Dr. Johnson Asiama.

This move signals the country’s intent to embrace digital assets through structured oversight.

The announcement was made during the African Leaders and Partners Forum hosted by the EBII Group, held alongside the IMF/World Bank Spring Meetings in Washington, D.C. Dr. Asiama explained that the rollout of crypto regulations hinges on the passage of the Virtual Asset Providers Act, which is currently under consideration.

Once enacted, the legislation will authorize the BoG to issue licenses and supervise actors within the virtual asset ecosystem. In anticipation of this, the central bank is taking proactive steps to ensure readiness.

“To enhance the regulation of these platforms and assets, the Bank of Ghana is establishing a dedicated unit focused on digital assets,” Dr. Asiama stated.

He stressed the inevitability of the technology and the need for timely regulation.

“This is a technology we cannot prevent, hence the need to move fast to regulate it," he was quoted by MyJoyOnline.

The forum, which brought together leaders from finance, trade, and agriculture sectors across Africa, the U.S., and Europe, aimed at strengthening trade and investment relations between Africa and the United States.

Collaboration with the SEC

Meanwhile, the Securities and Exchange Commission (SEC) of Ghana is also progressing steadily in its effort to create a regulatory framework for the cryptocurrency industry. Speaking on PM Express Business Edition on March 27, the Commission’s Director-General, Dr. James Klutse, confirmed that significant strides had been made in this area.

Ghana’s cautious stance on cryptocurrency dates back to January 2018 when the BoG issued a notice informing the public that digital currencies like Bitcoin were not officially recognised under national law. The notice urged individuals to exercise caution when engaging with crypto-based platforms and advised financial institutions against facilitating related transactions.

Strengthening Africa’s Financial Footing

During his address, Dr. Asiama expanded on broader economic reforms aimed at reinforcing macroeconomic stability and positioning Africa as a more influential player on the global stage.

“This is one of four key proposals from the Bank of Ghana on how to reshape US-Africa engagement,” he said.

He further noted that the central bank is focused on curbing inflation, building reserves, and enforcing fiscal discipline. These efforts, he explained, are part of a larger drive to ensure strategic autonomy and attract sustainable investment flows.

Dr. Asiama concluded by underlining a continental trend among African central banks, which are undertaking bold reforms to improve institutional credibility, enhance financial resilience, and mitigate emerging risks.