🐒 Ghana 🇬🇭: Digital asset regulation framework set for September 2025

🐒 Ghana 🇬🇭: Digital asset regulation framework set for September 2025

The bill aimed at regulating digital assets in Ghana is currently under parliamentary review and is expected to take effect in September 2025. The Bank of Ghana will lead the regulatory process for the country's crypto ecosystem.

▶️ The central bank will issue licenses to Virtual Asset Service Providers (VASPs), while the Securities and Exchange Commission (SEC) will oversee market activity and participants.

▶️ In parallel, Ghana is moving forward with the development of the eCedi, its central bank digital currency (CBDC). In February, the central bank’s head of innovation confirmed that the launch is scheduled for later this year.

▶️ Key data: According to CoinGecko, Ghana ranks 4th in Africa for crypto interest, behind Nigeria 🇳🇬, South Africa 🇿🇦, and Kenya 🇰🇪. A November report estimated that 3.1 million Ghanaians hold digital assets—about 17% of the population. The ongoing devaluation of the cedi has driven greater adoption of dollar-pegged stablecoins.

▶️ Demographic profile: 56% of Ghana’s population is under 25, positioning the country as a high-potential market for technological and financial adoption.

#news #crypto #Africa

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