Ghana's central bank plans to submit a regulatory framework for cryptocurrency platforms by September 2025, responding to growing demand and usage among citizens.
The Central Bank of Ghana is moving to license cryptocurrency platforms and enhance regulatory oversight, with a framework expected to be presented to parliament by September 2025. This initiative comes as approximately 3 million Ghanaians, or 17% of the adult population, engage in crypto transactions totaling $3 billion from July 2023 to June 2024. The cedi's recent volatility, gaining 48% in value, highlights the need for improved financial data collection and management.