Ghana plans to submit its first virtual assets bill to parliament by December 2025 as crypto adoption surges nationwide.
Ghana is preparing to introduce a virtual assets bill to parliament before December 2025, marking a major step toward crypto regulation. According to Bank of Ghana Governor Johnson Asiama, the framework for virtual assets oversight has been finalized, with the goal of licensing platforms and regulating unmonitored crypto activity.
Despite not yet hiring staff for its crypto enforcement department, the central bank remains confident in meeting the timeline. The upcoming law will empower the Bank of Ghana to collect crypto-related financial data, license exchanges, and strengthen monetary policy in the import-driven economy.
Crypto adoption continues to surge, with 3 million Ghanaians actively using digital currencies for payments, remittances, and savings. Between July 2023 and June 2024, transactions reached $3 billion, underscoring the urgency for regulation.
Ghana joins other African nations like Kenya, Nigeria, and South Africa, which are advancing similar digital asset frameworks to bring crypto markets under formal supervision.
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