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Ghana Moves to License Crypto Firms, Citing Revenue and Oversight Goals
25.7.2025
The Ghanaian central bank is set to introduce a draft regulatory framework for licensing digital asset companies by September. Acknowledging Crypto’s Enduring Presence The Ghanaian central bank has reiterated its goal to license digital asset companies, stating that a draft regulatory...
Ghana Plans Crypto Firm Licensing in Response to Growing Demand: Bloomberg
24.7.2025
The country's central bank is finalizing a regulatory approval to submit to parliament by September
Bank of Ghana Orders Mandatory Registration for All Crypto Firms
13.7.2025
The Ghanaian central bank has announced a mandatory registration process for all virtual asset service providers operating in the country. Registration Covers Broad Range of Crypto Activities The Bank of Ghana (BOG) has issued a public notice requiring all Virtual Asset Service Providers (VASPs)...
Bank of Ghana Flags Yellow Card Affiliate and Hanypay as Unauthorized Entities
14.6.2025
The Bank of Ghana (BoG) has issued warning to the public, financial institutions, and all relevant stakeholders regarding their engagement with two digital payment platforms, Yellow Card affilate Yellowpay and Hanypay. In a notice issued on June 11, the central bank stated that these entities...
Ghana’s Central Bank to Regulate Crypto by September 2025
27.4.2025
The Governor of the Bank of Ghana (BOG), Johnson Asiama, announced that the central bank plans to begin regulating cryptocurrency and related platforms by the end of September 2025, pending the passage of the Virtual Asset Providers Act. Speaking in Washington, D.C., Asiama stated that the BOG...
Ghana Introduces Blockchain-Based Gold Tracking to Combat Illegal Exports
1.4.2025
Ghana is introducing a blockchain-based gold tracking system to restructure its gold sector and combat illegal exports, says Sammy Gyamfi, acting Managing Director of the Precious Minerals Marketing Company (PMMC). The initiative, tied to the Gold Board Bill under parliamentary review, aims...
Solanafrica Scam: Hackers Breach Ghanaian President’s X Account
19.3.2025
Ghanaian President John Mahama announced on March 18 that he has regained full control of his X (formerly Twitter) account from hackers who used it to promote a fraudulent cryptocurrency scheme. Two-Factor Authentication Not Enough The president’s post announcing the restoration of the account came...
Ghana’s Central Bank Cancels Costly Gold-for-Oil Barter Scheme Amid Massive Losses
6.3.2025
Ghana’s gold-for-oil barter scheme has been halted by the central bank, according to Bank of Ghana Governor Johnson Asiama. Stabilizing Foreign Exchange Markets The Ghanaian central bank has suspended a barter trade scheme in which it swapped gold for oil, according to a report. Johnson...
Ghana Leverages Blockchain for Carbon Credit Trade
15.11.2024
Ghana and Singapore partner to use blockchain technology to facilitate the trading of carbon credits. Cementing Ghana’s Position as Africa’s Carbon Market Leader Ghana’s Environmental Protection Agency (EPA) has entered into an agreement to add the country’s Ghana Carbon...
Ghana Launches Gold Coin Priced in Local Currency
30.9.2024
Ghana’s central bank launched a gold coin to boost domestic savings and manage liquidity. The coins are available in October and priced based on the London Bullion Market Association auction price. Despite efforts to strengthen the cedi, Ghana’s currency continues to depreciate against...
Binance Launches Mobile Money Feature for Crypto Transactions in Africa
23.8.2024
Crypto exchange Binance has launched its One Click Buy and Sell (OCBS) service in Africa, enabling users in Ghana, Tanzania, Uganda, and Zambia to buy and sell cryptocurrencies via mobile money accounts. This initiative aims to enhance financial inclusion, particularly for the unbanked...
Experts Question Ghana VP’s Gold-Backed Currency Pledge
22.8.2024
A Ghanaian banking consultant, Richmond Atuahene, has expressed concerns about Vice President Mahamudu Bawumia’s pledge to back the cedi with gold. Atuahene believes Ghana needs a stable economic environment before implementing this policy. John Gatsi, a dean at the University of Cape Coast...
Bank of Ghana Unveils Proposed Virtual Asset Regulations
20.8.2024
The Bank of Ghana has released draft regulations aimed at creating a framework for the cryptocurrency industry. The rules are designed to protect consumers, prevent financial crimes, and encourage financial inclusion. Virtual asset service providers (VASPs) will be required to register and meet...
Bank of Ghana unveils draft rules for cryptocurrency exchanges
16.8.2024
The Bank of Ghana introduces draft guidelines to regulate digital assets, focusing on exchanges and consumer protection measures
Ghana Launches Centralized Online Foreign Exchange Trading Platform
2.8.2024
The Bank of Ghana has recently launched a centralized online foreign exchange trading platform. This platform aims to enhance secure and efficient operations in the foreign exchange market. As of August 1, 2024, all licensed Foreign Exchange Bureaux are mandated to use this platform for buying...
Giesecke+Devrient: Ghana CBDC Nullifies the Need for Multiple Intermediaries in Cross-Border Payments
25.7.2024
The recently completed proof of concept by the Bank of Ghana and the Monetary Authority of Singapore demonstrated that the latter’s central bank digital currency enables cross-border payments, excluding many intermediaries and associated costs. Giesecke+Devrient (G+D) stated that the proof...
Ghana Central Bank Partners With Singapore Regulator to Demonstrate Use of Digital Credentials in Global Trade
14.6.2024
The Ghanaian central bank recently collaborated with the Monetary Authority of Singapore (MAS) to demonstrate the use of digital credentials in international trade. The second phase of Project DESFT culminated in the execution of cross-border trade between the West African nation and Singapore...
Ghana’s Cedi Hits Record Low Against US Dollar Amid Cocoa Output Decline
12.6.2024
The Ghanaian cedi recently plunged to a record low, trading at GHS 14.9335 against the U.S. dollar, which led to its designation as the fourth-worst-performing currency globally. Additionally, a decline in cocoa production has further complicated matters for the cedi, a currency previously ranked...
Ghana, Singapore conduct trade in semi-fungible token pilot project
17.5.2024
Project DESFT is meant to encourage trade between small businesses using a CBDC and a stablecoin, with an emphasis on credentialing
Ghana’s Vice President Says His Government Aims to Become the First to Be Powered by Blockchain
14.5.2024
The Ghanaian government’s next phase in its digitalization drive is set to be the adoption of blockchain technology, according to the country’s vice president. He stated that his administration aims to become one of the few governments worldwide powered by blockchain, and the first in Africa....