Ghana to License Crypto Platforms with New Draft Law
Ghana plans to license crypto platforms as its central bank prepares a draft law to regulate virtual assets by September.
- Ghana to introduce crypto regulation by September
- Central Bank to issue licenses for virtual asset platforms
- 17% of Ghanaian adults already use cryptocurrencies
The Central Bank of Ghana is preparing a major step toward regulating digital currencies. By September, it plans to present a draft regulatory framework to the country’s parliament. This new law would introduce licensing for crypto and virtual asset platforms, creating a formal legal environment for the digital asset space in Ghana.
Ghana, Africa’s eighth-largest economy, is responding to the rapid rise in crypto adoption among its citizens. According to reports, around 3 million adults in Ghana—about 17% of the adult population—currently use cryptocurrencies. This growing interest has prompted the government to bring in proper oversight to protect users and ensure market stability.
Licensing and Legal Oversight Coming Soon
The Bank of Ghana’s upcoming legislation aims to establish clear rules for crypto exchanges and wallet providers. Once passed, it will require virtual asset platforms to apply for official licenses to operate within the country. This move is expected to reduce fraud, improve investor confidence, and align Ghana with global crypto standards.
Dr. Ernest Addison, Governor of the Bank of Ghana, previously mentioned that virtual assets present both opportunities and risks. The new regulatory push is meant to support innovation while ensuring financial integrity.
Ghana’s Crypto Growth Signals a New Era
With millions already involved in crypto trading and investment, Ghana’s digital economy is evolving fast. The new regulations will likely encourage more institutional participation and help build trust among skeptics. At the same time, Ghana is also exploring its own central bank digital currency (CBDC), the e-Cedi, to complement private crypto use.
As the draft framework heads to Parliament in September, Ghana could become a leading example in Africa for responsible and inclusive crypto regulation.
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