The Governor of the Bank of Ghana (BoG), Dr. Johnson Asiama, has announced that the central bank is set to begin regulating cryptocurrency and related platforms by the end of September 2025.
Speaking at the African Leaders and Partners Forum, organized by the EBII Group during the IMF/World Bank Spring Meetings in Washington, D.C., Dr. Asiama explained that the move depends on the passage of the Virtual Asset Providers Act.
This legislation will enable the Bank of Ghana to license and regulate platforms and entities operating within the virtual asset space.
“To enhance the regulation of these platforms and assets, the Bank of Ghana is establishing a dedicated unit focused on digital assets,” Dr. Asiama revealed.
“This is a technology we cannot prevent, hence the need to move fast to regulate it.”
The forum, which brought together stakeholders from finance, trade, and agriculture across Ghana, the U.S., Europe, and the Americas, aimed to explore strategies to improve trade and investment between Africa and the United States.
In other news, The World Bank has projected that poverty in Nigeria will increase by 3.6 percentage points over the next five years, rising through 2027.
This is according to the Bank’s Africa’s Pulse report, released during the ongoing Spring Meetings of the International Monetary Fund (IMF) and the World Bank in Washington, DC.
The report paints a troubling outlook for poverty reduction in Nigeria, highlighting that despite some recent gains in economic activity—particularly in the non-oil sector during the last quarter of 2024—structural issues related to resource dependence and national fragility are likely to hinder progress.
According to the World Bank, Nigeria, alongside other resource-rich and fragile countries in Sub-Saharan Africa, will experience a worsening poverty situation—unlike non-resource-rich countries, which are expected to see faster poverty reduction.
