BoG to roll out Cryptocurrency regulations by September 2025

The Governor of the Bank of Ghana, Dr. Johnson Asiama, has announced plans for the central bank to begin regulating cryptocurrencies and virtual asset platforms by the end of September 2025.

Speaking at the African Leaders and Partners Forum hosted by the EBII Group during the IMF/World Bank Spring Meetings in Washington, D.C., Dr. Asiama said the initiative is tied to the anticipated passage of the Virtual Asset Providers Act. 

The new law will authorize the Bank of Ghana to license and oversee operations within the digital asset sector.

The forum gathered influential voices from finance, trade, and agriculture across Ghana, the United States, and Europe to deliberate on ways to strengthen trade and investment ties between Africa and the U.S.

In a related development, the Director-General of Ghana’s Securities and Exchange Commission (SEC), Dr. James Klutse, shared in March that the Commission had made significant headway in crafting a regulatory structure for the crypto industry.

This marks a departure from the Bank’s 2018 stance, when it cautioned the public against dealing in unregulated cryptocurrencies like Bitcoin and advised financial institutions not to support crypto-based transactions.

During the forum, Dr. Asiama stressed the need for economic credibility and policy independence as crucial pillars for attracting global investment and redefining Africa’s economic trajectory. He outlined the Bank’s broader strategy which includes stabilizing inflation, boosting reserves, and enforcing fiscal discipline.

Across Africa, he noted, central banks are pursuing robust reforms aimed at enhancing transparency, operational independence, and trust. He also underscored the importance of building a resilient financial system and strengthening risk management frameworks to draw long-term investment and reduce exposure to economic shocks.