Ghana’s central bank has made a strong move to take crypto regulation seriously.
After watching millions of citizens turn to Bitcoin and other digital assets, the Bank of Ghana (BoG) now plans to introduce a full crypto framework by December 2025, even though the team to manage it is still being built.
Governor Johnson Asiama made the announcement at the IMF’s fall meetings in Washington, confirming that a draft bill will be sent to Parliament before the end of this year.
“That bill is on its way to parliament, hopefully before the end of December, we should be able to regulate cryptocurrencies in Ghana,” he said.
Ghana Joins Africa’s Crypto Race
Ghana’s move comes as more African nations move fast to bring crypto under regulation. Kenya just passed its Virtual Asset Service Providers Bill (2025), while Nigeria and South Africa have already rolled out new frameworks for exchanges and crypto taxation.
Until now, Ghana has been cautious and warning citizens that crypto isn’t legal tender. But with adoption growing rapidly, that stance is shifting.
Asiama admitted Ghana is “late in the game” but said the central bank is “developing the expertise” and forming a new department to oversee digital assets.
$3 Billion in Crypto, and Counting
The numbers are hard to ignore. Between July 2023 and June 2024, Ghanaians traded more than $3 billion in crypto. That’s about 3 million people, or nearly 9% of the population, using digital assets for payments, savings, and remittances.
“We can no longer ignore it, and we’re trying very hard to be able to regulate that,” Asiama said.
The new bill is expected to create a legal base for licensing exchanges and tracking crypto activity. The BoG is also testing a digital sandbox to help selected companies explore crypto services safely under supervision.
Also Read: Crypto Regulations in Ghana 2025
A Tough Road Ahead
While the plan sounds ambitious, challenges remain. The BoG has yet to hire or train the staff needed to manage this new department. Analysts say Ghana’s progress will depend on how quickly it can turn plans into real action.
Earlier this year, Isaac Simpson of Stanbic Bank Ghana warned that “the digital train has left the station,” urging the government to move before it falls behind.
What Next?
Ghana’s upcoming crypto law could mark a turning point for West Africa’s digital economy. With adoption already booming, regulation might finally bring structure and possibly attract new investment.
But the clock is ticking. Will Ghana pull it off? Time will tell.
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