Ghana Advances Crypto Regulation Draft Amid Rising Digital Currency Adoption

Ghana's Central Bank is set to present a comprehensive cryptocurrency licensing framework to Parliament by September 2025, marking a pivotal shift in the nation's approach to digital assets. The draft aims to provide legal clarity for exchanges, wallet providers, and virtual asset platforms, addressing a market where an estimated three million Ghanaians already engage with cryptocurrencies.

The regulatory push seeks to protect users, attract investment, and generate tax revenue. Key provisions will likely include Know Your Customer (KYC) protocols, anti-money laundering (AML) measures, and cybersecurity standards—aligning Ghana with global benchmarks while reducing fraud risks.

This initiative positions Ghana as a potential West African hub for digital finance, contrasting with Nigeria's restrictive stance. The country's progressive approach could lure fintech startups and capital as stablecoins gain traction for remittances and payments across Africa.