The Bank of Ghana is set to submit the proposal to Parliament in September 2025, making the next few months vital for the country’s fintech and financial inclusion goals.
A well-defined policy can convert informal momentum into sustainable economic value by:
- Expanding access to capital
- Strengthening financial inclusion
- Generating state revenue
- Protecting consumers from fraud and financial crime
Draft Bill Details
The framework would allow only registered exchanges and wallet providers to operate legally.
Licensing conditions include minimum capital thresholds and strict anti-money laundering (AML) standards.
These measures aim to prevent Ghana from landing on the Financial Action Task Force (FATF) grey list, which could damage the country’s financial reputation.
While the bill is seen as a step toward stability, concerns remain:
- Can regulators oversee a fast-moving sector with limited resources?
- Will smaller fintechs struggle to meet licensing costs?
- Could overly rigid rules drive activity underground?
To address these issues, the draft reportedly includes a sandbox license for startups and smaller firms.
This approach would allow new businesses to test products in a regulated environment without the same barriers faced by large global exchanges.
It may also encourage local stablecoin projects, such as those Binance has urged to build on its BNB Chain.
Crypto regulation in Kenya
In Kenya, Binance played a direct role in shaping the Virtual Asset Service Providers Bill by engaging with regulators and the Virtual Assets Chamber of Commerce.
By collaborating, they protected users better, educated them financially, and kept innovation going strong.
What’s at Stake for Ghana
In recent months, the Bank of Ghana has consulted widely with industry stakeholders on the draft proposals.
These discussions are expected to shape final legislation. The outcome will hinge on how well regulators and industry players sustain this collaboration when the framework reaches Parliament.
If successful, Ghana’s crypto bill could enhance investor confidence, foster cross-border digital trade and position Ghana as a regional fintech hub
