Ghana central bank targets December to have crypto regulations in place

It’s estimated that over 3 million people in Ghana, representing roughly 8.9% of the country’s 34 million population, use crypto in some form.

Ghana’s central bank aims to have crypto regulations in place by the end of the year, with the West African country advancing a bill to parliament just a week after Kenya passed its own bill regulating the industry.

Johnson Asiama, the governor of the Bank of Ghana (BoG), said at the International Monetary Fund’s meetings in Washington on Thursday that the country had “done a lot of work in the past four months to put together the regulatory environment,” and create legislation.  

“That bill is on its way to parliament, hopefully before the end of December, we should be able to regulate cryptocurrencies in Ghana,” he said.

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