Ghana will begin to license cryptocurrency platforms in response to an increase in the demand for digital assets in the country of Western Africa, Bloomberg reported Thursday.
The Central Bank of the country is ending a regulatory approval to submit to Parliament in September, according to the report, citing an interview with the governor of the Bank of Ghana Johnson Asama.
The hope is that the regulation of the cryptographic sector helps Ghana’s income to capture and better control its fiduciary currency. The CEDI has grown more than 40% against the US dollar in 2025, which helped him recover from a loss of almost 20% last year. This volatility has made it difficult for the Central Bank to handle inflation.
The use of cryptocurrency can exacerbate this problem, since many agents are doing and receiving cryptographic payments that are not being captured in the country’s financial accounts, Asama added.
Around 17.3% of Ghanaian adults have cryptocurrencies, equivalent to just over 3 million people, according to a June 2024 report of the business news firm based in the Middle East Zawya.
Cryptographic transactions in Ghana in the 12 months until June 2024 totaled $ 3 billion of a total of $ 125 billion for all sub -Saharan Africa, said Titus Bawuah, executive director of Web3 Africa Group, according to the Bloomberg report.
