The Governor of the Bank of Ghana (BoG), Dr Johnson Asiama, has reaffirmed the central bank’s commitment to maintaining a stable cedi amid ongoing global financial disruptions.
Delivering remarks on behalf of the Governor at the 29th National Banking and Ethics Conference organised by the Chartered Institute of Bankers, Ghana (CIB) on November 11, 2025, the Director of the BoG’s Banking Supervision Department, Ismail Adam, announced a strategic shift from a cautious stance to active regulation of virtual assets through the development of the Virtual Asset Service Providers (VASP) Bill.
According to Adam, the bill aims to establish a comprehensive legal framework for regulating virtual asset service providers, including cryptocurrency exchanges.
Ghana to regulate cryptocurrency by December – BoG Governor
"The VASP Bill provides the legal foundation for regulating all virtual asset service providers, safeguarding the stability of Ghana’s financial sector by mitigating risks such as digital asset-induced disruptions, regulatory arbitrage, and currency substitution," he stated.
"It also ensures compliance with global Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) standards through rigorous due diligence and reporting mechanisms," he added.
Adam further emphasised that the BoG has already begun registering virtual asset providers operating within the country, marking a proactive step toward formalising the sector and enhancing oversight.
He added that the new legislation will also ensure that service providers comply with global Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) standards through enhanced due diligence and robust reporting mechanisms.
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