Ghana is expected to start the license in cryptocurrency platforms in response to an increase in demand for digital assets in the West African country, Bloomberg reported on Thursday.
The country’s central bank finalizes a regulatory approval to submit to Parliament by September, according to the report, citing an interview with the Governor of the Bank of Ghana, Johnson Asiama.
Hope is that the regulation of the cryptography sector will help Ghana grasp income and better control its fiduciary currency. The CEDI increased by more than 40% compared to the US dollar in 2025, helping the loss of almost 20% last year. This volatility made it difficult for the central bank to manage inflation.
The use of cryptocurrency can exacerbate this problem, because many agents make and receive cryptography payments which are not captured in the country’s financial accounts, added Asiama.
About 17.3% of Ghanian adults have cryptocurrency, equivalent to just over 3 million people, according to a June 2024 report by the commercial press based in the Middle East, Zawya.
Cryptographic transactions in Ghana in the 12 months until June 2024 totaled $ 3 billion out of a total of $ 125 billion for all of sub -Saharan Africa, said Del Titus Bawuah, Director General of Web3 Africa Group, according to Bloomberg report.
