The Bank of Ghana (BoG) Governor, Dr Johnson Asiama, has announced that the central bank is expected to commence regulation of 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., he explained that the move is contingent on the passage of the Virtual Asset Providers Act.
This legislation will empower the Bank of Ghana to license and regulate platforms and players operating in the virtual asset space. “To enhance the regulation of these platforms and assets, the Bank of Ghana is establishing a dedicated unit focused on digital assets,” Dr Asiama revealed.
“This is a technology we cannot prevent, hence the need to move fast to regulate it.”
The forum brought together stakeholders from finance, trade, and agriculture across Ghana, the U.S., Europe, and the Americas to explore strategies to improve trade and investment between Africa and the United States.
SEC Collaboration and Background
The Director-General of the Securities and Exchange Commission, Dr James Klutse, had earlier disclosed on PM Express Business Edition on March 27, that the Commission has made significant progress in establishing a regulatory framework for the cryptocurrency sector.
Back in January 2018, the Bank of Ghana issued a public notice reminding Ghanaians that cryptocurrencies such as Bitcoin were not recognised under Ghanaian law. The central bank warned the public to be cautious when transacting with institutions using crypto and advised financial institutions to refrain from facilitating cryptocurrency transactions.
Broader Strategy and Africa’s Positioning
Addressing participants at the forum, Dr. Asiama emphasised the importance of macroeconomic credibility and strategic autonomy in securing investor confidence and redefining Africa’s global economic role.
“This is one of four key proposals from the Bank of Ghana on how to reshape US-Africa engagement,” he noted.
“Policies are being implemented to reduce and stabilise inflation, build reserves, and consolidate fiscal discipline.”
He added that across the continent, central banks are adopting bold reforms to improve transparency, independence, and credibility.
Dr. Asiama also highlighted the importance of fostering financial system resilience and enhancing risk mitigation strategies to attract productive capital flows and manage vulnerabilities.
