Ghana is preparing to establish its first comprehensive legal framework for cryptocurrencies and virtual assets before the end of 2025, according to Johnson Asiama, governor of the country’s central bank. The initiative, revealed during the International Monetary Fund (IMF) meetings in Washington, marks a major step toward formal oversight of the nation’s fast-growing digital asset sector.
Asiama emphasized that the legislation aims to regulate and monitor crypto-related transactions, a move designed to bring more stability and transparency to Ghana’s financial ecosystem. “It is an important area, and we have to step up to regulate and monitor these transactions,” Asiama said during his discussion with Abebe Aemro Selassie, director of the IMF’s African department.
The proposed bill, now en route to Ghana’s parliament, is built upon a newly developed regulatory framework for virtual assets. Asiama expressed confidence that the legislation will be enacted by the end of December, allowing the Bank of Ghana to formally oversee digital currencies and exchanges operating in the country.
As part of the initiative, Ghana, Africa’s largest gold producer, is also establishing a dedicated department within its financial institutions to develop expertise in the field of digital regulation. The move signals the government’s intent to balance innovation with oversight, ensuring that crypto markets operate under clear compliance standards while supporting the country’s evolving fintech landscape.
If approved, Ghana’s crypto law would position the nation among Africa’s emerging leaders in digital asset regulation, aligning its policies more closely with global financial norms promoted by the IMF and other international bodies.