The Bank of Ghana has announced plans to introduce formal regulations for cryptocurrency operations by December 2025, marking a significant step toward tightening oversight of the country’s fast-growing digital asset market.
According to the central bank, the upcoming framework will establish clear rules for the trading, exchange, and custody of digital currencies, as well as licensing requirements for crypto-related businesses. The move is aimed at curbing financial crimes, protecting consumers, and integrating digital assets into Ghana’s broader financial system.
In a statement, the Bank of Ghana said the regulatory initiative aligns with ongoing efforts to modernize the country’s payment ecosystem and support financial innovation without compromising stability. “Cryptocurrency use has expanded rapidly, and there is a need to safeguard the interests of investors while ensuring the integrity of the financial system,” the bank noted.
The forthcoming regulations will also address anti–money laundering (AML) and counter-terrorism financing (CTF) concerns, following warnings by regional and international agencies about the misuse of digital currencies.
Financial analysts have described the move as timely, noting that Ghana is among several African nations—alongside Nigeria, Kenya, and South Africa working toward establishing clear rules for crypto markets. They say formal regulation could attract more investment into the fintech sector while reducing illicit transactions that have plagued unregulated platforms.
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Dr. Ernest Addison, Governor of the Bank of Ghana, has previously emphasized that while innovation is welcome, it must operate within “a secure and transparent financial environment.” He added that the central bank is engaging with industry stakeholders to ensure the framework balances innovation and oversight.
Cryptocurrency use in Ghana has surged in recent years, driven by growing interest among tech-savvy youths and investors seeking alternatives to traditional financial systems. However, the absence of regulation has also led to scams and Ponzi schemes that have defrauded unsuspecting citizens.
Industry experts expect the introduction of clear rules to boost investor confidence and legitimize crypto activities within the formal economy. The Bank of Ghana has urged the public to remain cautious and to conduct transactions only through licensed institutions once the framework takes effect.