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Ghana is set to license cryptocurrency platforms as digital asset adoption continues to surge across the country. The Bank of Ghana is finalizing a regulatory framework, expected to be submitted to parliament by September, according to Governor Johnson Asiama. The initiative aims to capture crypto-related revenue and strengthen control over the national currency.
The cedi has appreciated over 40% against the U.S. dollar in 2025, rebounding from a nearly 20% drop last year. This sharp fluctuation has complicated efforts to manage inflation. Asiama noted that many users are making and receiving crypto payments, which are not recorded in the country’s financial system, posing challenges for economic oversight.
Roughly 17.3% of Ghanaian adults—over 3 million people—own cryptocurrency, according to a June 2024 report by Zawya. Ghana recorded $3 billion in crypto transactions in the year to June 2024, a major share of the $125 billion seen across sub-Saharan Africa, Bloomberg reported, citing Web3 Africa Group CEO Del Titus Bawuah.
