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another bearish turn
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The Governor of the Bank of Ghana (BOG), Johnson Asiama, announced that the central bank plans to begin regulating cryptocurrency and related platforms by the end of September 2025, pending the passage of the Virtual Asset Providers Act. Speaking in Washington, D.C., Asiama stated that the BOG is establishing a dedicated digital assets unit, recognizing that this technology cannot be prevented. This move contrasts with the BOG’s 2018 public notice that did not recognize cryptocurrencies under Ghanaian law and cautioned against their use. Asiama also discussed broader strategies for improving US-Africa trade and investment, emphasizing macroeconomic credibility, strategic autonomy, financial system resilience, and risk mitigation. The Director-General of Ghana’s Securities and Exchange Commission had previously indicated progress in establishing a cryptocurrency regulatory framework. #cryptooinsigts #CryptoNewss
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