The Governor of the Bank of Ghana (BoG), Dr Johnson Asiama, has announced that the central bank is expected to begin regulating cryptocurrency and related platforms by the end of September 2025.
Speaking at the African Leaders and Partners Forum, organised by the EBII Group on the sidelines of the IMF/World Bank Spring Meetings in Washington, D.C., Dr Asiama noted that this development depends on the passage of the Virtual Asset Providers Act.
The proposed legislation will grant the Bank of Ghana the authority to license and regulate platforms and participants operating within the virtual asset sector.
“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.
“This is a technology we cannot prevent, hence the need to move fast to regulate it.”
Source: Fintech Africa
