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The Bank of Ghana is set to introduce a licensing regime for cryptocurrency platforms as part of a broader regulatory framework aimed at managing the country’s rapidly growing digital asset market.
The regulatory framework, expected to be presented to Parliament by September 2025, is designed to improve oversight and support revenue generation from the booming crypto sector, according to a Bloomberg report.
Bank of Ghana Governor Johnson Asiama confirmed that licensing digital asset platforms is central to the government’s strategy to formalise crypto-related activities and address risks to the financial system. The move follows a sharp increase in crypto adoption, with approximately 17.3% of Ghanaian adults—about 3 million people—now owning digital assets.
In the 12 months leading up to June 2024, crypto transactions in Ghana reached US$3 billion, representing a significant portion of the estimated US$125 billion in digital asset investments across sub-Saharan Africa, as reported by Web3 Africa Group CEO Del Titus Bawuah.
While the cedi has appreciated by over 40% against the US dollar in 2025—after a 20% depreciation in 2024—currency volatility continues to pose challenges to inflation control and monetary policy execution.
Regulators have expressed concern that unregulated crypto activity undermines national economic data, complicates monetary policy formulation, and may contribute to financial instability. Many digital asset transactions remain unrecorded, limiting the central bank’s visibility into money flows and tax liabilities.
By formalising digital asset operations through licensing, the Bank of Ghana aims to bring greater transparency and accountability to the sector, while also stabilising the national currency and reinforcing macroeconomic controls.
The upcoming regulatory framework reflects a growing trend among African economies to align digital finance innovation with sound financial governance.
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