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Ghana is set to overhaul its gold sector with a blockchain-powered track and trace system by the end of 2026, ensuring full traceability and certified origin of all gold exports. Aggressive Reforms and Extended Timeline Ghana is preparing for an overhaul of its gold sector with the introduction of a blockchain-powered track and trace system … Read more
Ghana’s central bank is moving to regulate virtual assets, adopting a policy designed to foster responsible crypto innovation while guaranteeing a level playing field for all financial institutions. Balancing Innovation and Competition The Bank of Ghana (BOG) has acknowledged that the country currently lacks a dedicated legal framework for regulating virtual asset service providers (VASPs). … Read more
The Ghanaian central bank is set to introduce a draft regulatory framework for licensing digital asset companies by September. Acknowledging Crypto’s Enduring Presence The Ghanaian central bank has reiterated its goal to license digital asset companies, stating that a draft regulatory framework to oversee them is set to be tabled in the nation’s parliament by … Read more
The Ghanaian central bank has announced a mandatory registration process for all virtual asset service providers operating in the country. Registration Covers Broad Range of Crypto Activities The Bank of Ghana (BOG) has issued a public notice requiring all Virtual Asset Service Providers (VASPs) operating within the country to undergo a mandatory registration process. The … Read more
The Bank of Ghana (BoG) has issued warning to the public, financial institutions, and all relevant stakeholders regarding their engagement with two digital payment platforms, Yellow Card affilate Yellowpay and Hanypay. In a notice issued on June 11, the central bank stated that these entities are operating without the necessary licensing and approval within Ghana’s … Read more
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 … Read more
Ghana is introducing a blockchain-based gold tracking system to restructure its gold sector and combat illegal exports, says Sammy Gyamfi, acting Managing Director of the Precious Minerals Marketing Company (PMMC). The initiative, tied to the Gold Board Bill under parliamentary review, aims to register all licensed miners in a national database, assign unique digital codes … Read more
Ghanaian President John Mahama announced on March 18 that he has regained full control of his X (formerly Twitter) account from hackers who used it to promote a fraudulent cryptocurrency scheme. Two-Factor Authentication Not Enough The president’s post announcing the restoration of the account came a few days after his social media account was used … Read more
Ghana’s gold-for-oil barter scheme has been halted by the central bank, according to Bank of Ghana Governor Johnson Asiama. Stabilizing Foreign Exchange Markets The Ghanaian central bank has suspended a barter trade scheme in which it swapped gold for oil, according to a report. Johnson Asiama, the governor of the Bank of Ghana (BOG), stated … Read more
Crypto exchange Binance has launched its One Click Buy and Sell (OCBS) service in Africa, enabling users in Ghana, Tanzania, Uganda, and Zambia to buy and sell cryptocurrencies via mobile money accounts. This initiative aims to enhance financial inclusion, particularly for the unbanked and underbanked populations. Binance Expands Services in Africa, Boosting Crypto Accessibility Cryptocurrency … Read more
