Tag: BoG

January 29, 2026

Ghana’s microfinance sector is set for major consolidation as the Bank of Ghana introduces tougher capital requirements that will compel ...

The Bank of Ghana(BoG) has reiterated its strong commitment to ensuring that the country fully harnesses the benefits of open banking as part of efforts to deepen financial inclusion and accelerate innovation within the financial sector.

BoG Pledges Full Support for Open Banking Rollout

January 27, 2026

The Bank of Ghana(BoG) has reiterated its strong commitment to ensuring that the country fully harnesses the benefits of open ...

Economist and Senior Lecturer at the University of Ghana Business School, Dr. Patrick Asuming, has urged government to increase investment in irrigation infrastructure as a long-term strategy to maintain Ghana’s single-digit inflation.

Irrigation, Not Rain, Can Keep Inflation Low — Prof. Asuming

November 7, 2025

Economist and Senior Lecturer at the University of Ghana Business School, Prof. Patrick Asuming, has urged government to increase investment ...

The Bank of Ghana (BoG) has registered more than 100 virtual asset service providers (VASPs) under a new policy framework designed to regulate the country’s expanding cryptocurrency market. The move is part of Ghana’s Policy Position on Virtual Assets and Service Providers, released by the central bank in November 2025. It marks Ghana’s first national framework for the oversight of virtual assets such as cryptocurrencies, tokens, and blockchain-based services. According to the Bank, a registration exercise conducted in July 2025 identified over 100 companies offering services such as crypto exchange, wallet management, brokerage, and investment advisory to more than three million users nationwide. To strengthen supervision, the BoG will establish a Virtual Assets Regulatory Office (VARO) to coordinate with agencies including the Securities and Exchange Commission (SEC), the Financial Intelligence Centre (FIC), the Ghana Revenue Authority (GRA), and the National Communications Authority (NCA). “The Bank recognises that virtual assets can no longer remain outside Ghana’s financial regulatory remit,” the policy document stated. The framework shifts Ghana’s stance from caution to regulation. Previously, in 2018 and 2022, the BoG warned that cryptocurrencies were not legal tender and directed financial institutions to avoid processing crypto-related transactions. Under the new regime, Ghana’s regulatory approach will be risk-based and activity-specific, meaning that high-risk activities such as crypto trading and custody will undergo stricter licensing, while low-risk services will go through simplified procedures. Although virtual assets will not be recognised as legal tender, the Bank says the new policy aims to balance innovation, consumer protection, and financial stability, while mitigating risks such as money laundering, fraud, and terrorism financing. The policy also introduces the National Virtual Assets Literacy Initiative (NaVALI), which will promote financial education and responsible crypto usage among young Ghanaians — the country’s largest group of digital asset users. Ghana’s move aligns with international standards set by the Financial Action Task Force (FATF), the International Monetary Fund (IMF), and the Bank for International Settlements (BIS), placing it among Africa’s emerging leaders in regulated digital finance.

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BoG registers 100+ crypto firms under new regulation

November 6, 2025

The Bank of Ghana (BoG) has registered more than 100 virtual asset service providers (VASPs) under a new policy framework ...

Strong Confidence in Ghana’s Financial Sector—82.6% of Banks Optimistic

November 4, 2025

A new Bank of Ghana survey shows that 82.6% of banks operating in Ghana expect the country’s financial system to ...

Cedi@60: Ghana has turned a decisive corner – BoG Governor

by Aba Aikins Appah

October 28, 2025

Governor of the Bank of Ghana, Dr. Pandit Johnson Asiama has described the Ghana Cedi as the best performing currency ...

The Governor of the Bank of Ghana, Dr. Johnson Pandit Asiama, has launched the Cedi@60 initiative, describing it as more than a mere celebration of the currency’s longevity, but a national reflection on Ghana’s economic journey, sovereignty, and future aspirations.

Ghana’s Cedi Turns 60: BoG Governor Says It’s Time to Reflect, Not Just Celebrate

October 28, 2025

The Governor of the Bank of Ghana, Dr. Johnson Pandit Asiama, has launched the Cedi@60 initiative, describing it as more ...

The Bank of Ghana has launched a year-long national initiative to commemorate 60 years of the Ghana cedi, aimed at promoting public understanding of the currency’s history and reinforcing national confidence in Ghana’s monetary independence.

Bank of Ghana Launches Year-Long ‘Cedi @ 60’ Celebration to Promote Financial Literacy and Heritage

October 28, 2025

The Bank of Ghana has launched a year-long national initiative to commemorate 60 years of the Ghana cedi, aimed at ...

Ghana celebrates 60 years of the Cedi: Legacy, Resilience & Reforms