The Governor of the Bank of Ghana (BoG), Johnson Asiama, has confirmed that the central bank will begin regulating cryptocurrencies and digital asset platforms by the end of September 2025, contingent upon the passage of the Virtual Asset Providers Act.
Speaking at an international forum in Washington, D.C., Asiama emphasized the BoG’s commitment to acknowledging the growing relevance of digital assets in the financial ecosystem. He announced the establishment of a dedicated digital assets unit, marking a significant policy shift from the bank’s earlier stance.
This strategic development contrasts with BoG’s 2018 public notice, which did not recognize cryptocurrencies under Ghanaian law and strongly advised the public against engaging with them.
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Asiama highlighted that digital asset technology is not something that can be ignored or blocked indefinitely. Instead, it must be properly monitored and regulated to protect consumers and maintain financial stability.
In his broader remarks, Asiama also touched on enhancing US-Africa trade relations. He outlined Ghana’s focus on building macroeconomic credibility, strengthening financial system resilience, advancing strategic autonomy, and implementing effective risk mitigation frameworks.
The move aligns with previous statements by the Director-General of Ghana’s Securities and Exchange Commission, who indicated that a comprehensive regulatory framework for virtual assets was in development.
