Ghana Says Crypto Regulation Coming in Weeks, But Enforcement Team Still Empty
Ghana Says Crypto Regulation Coming in Weeks, But Enforcement Team Still Empty
Ghana's crypto regulation has accelerated: the Bank of Ghana has targeted December 2025, the bill has been scheduled for parliament this year, and it has begun assembling a supervision unit. $3B has moved in a year as Kenya has passed a VASP bill and South Africa has approved platform licenses.
Article Summary
Ghana is set to implement comprehensive cryptocurrency regulation within weeks, marking a significant milestone for blockchain adoption in West Africa. The Bank of Ghana has accelerated its crypto regulatory framework, targeting December 2025 for full implementation while scheduling the crucial bill for parliamentary review this year. The central bank is actively assembling a dedicated supervision unit to oversee digital asset operations, though enforcement teams remain incomplete. This regulatory push comes as Africa's crypto market experiences unprecedented growth, with $3 billion in cryptocurrency transactions flowing through the region over the past year. Ghana's regulatory advancement follows successful crypto legislation across Africa, including Kenya's recent Virtual Asset Service Provider (VASP) bill passage and South Africa's approval of cryptocurrency platform licenses. These developments signal growing institutional acceptance of Bitcoin, DeFi protocols, and blockchain technology across African markets. The forthcoming regulation could significantly impact cryptocurrency trading, mining operations, and blockchain startups throughout Ghana. Market analysts anticipate this regulatory clarity will attract institutional investment and enhance consumer protection in the burgeoning African crypto ecosystem, potentially positioning Ghana as a leading digital asset hub in West Africa.
