While the use of digital assets in the country is increasing sharply, Ghana is preparing to introduce its first regulatory framework for cryptocurrencies by September 2025.

The Bank of Ghana (BoG) will present to Parliament the Virtual Asset Providers Act, which aims to license platforms and integrate cryptocurrencies into the formal financial system. BoG governor Johnson Asiama said the law would help the country collect reliable data, monitor capital flows, and improve monetary policy. Around 3 million Ghanaians now use cryptocurrencies for payments, remittances, and business, contributing to $3 billion in transactions between July 2023 and June 2024

The new bill outlines consumer protections, anti-money laundering controls, and tax obligations for digital asset providers. It also supports financial supervision amid fears of fraud and currency volatility.

Ghana's decision to regulate its burgeoning crypto economy reflects a broader shift across Africa from passive observation to structured engagement.