Ghana Central Bank Plans Bitcoin and Crypto Regulations by End of 2025

Ghana Central Bank Plans Bitcoin and Crypto Regulations by End of 2025

Ghana’s draft crypto law outlines stricter requirements for exchanges and VASPs as usage tops 3 million citizens, with passage targeted by December 2024.

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Fact Check
The evidence provided strongly and consistently supports the statement. The sources, all from the Bank of Ghana (BoG), create a clear timeline that confirms not only the plan but its successful implementation within the specified timeframe.The most direct evidence comes from an official BoG webpage dated September 5, 2025, which explicitly announces the introduction of a regulatory framework for virtual assets. This confirms that regulations were introduced well before the end of 2025. This action was preceded by a news brief from April 23, 2025, where the Governor is directly quoted announcing a plan to begin cryptocurrency regulation by September 2025.Further corroborating evidence demonstrates the concrete preparatory steps taken by the BoG. An August 2024 draft policy document on digital assets and a risk assessment report show that a formal planning and development process was underway long before the 2025 implementation. Additional sources detailing the Governor's engagement with industry stakeholders and a directive for the registration of Virtual Asset Service Providers (VASPs) further substantiate the reality of this regulatory initiative.There is no conflicting evidence. The sources with lower relevance consist of public warnings about unlicensed crypto platforms, which reflect the regulatory environment prior to the new framework's introduction and do not contradict the plan to establish one. The body of evidence is authoritative, consistent, and directly confirms the statement.
Summary

Ghana’s central bank governor Johnson Asiama informed the IMF that a cryptocurrency regulation bill is before parliament and targeted for approval by December 2024. Drafted in August, the eight-pillar framework increases registration and reporting requirements for crypto exchanges and virtual asset service providers. This legislative effort reflects growing adoption, with an estimated 3 million Ghanaians using digital assets.

Terms & Concepts
  • Cryptocurrency Regulation: Rules and guidelines established by governments or regulatory bodies to oversee cryptocurrency transactions and protect market integrity.
  • Virtual Asset Service Provider (VASP): An entity that conducts activities involving virtual assets, such as exchanges, transfers, or custody services.