PANews reported on October 26th that according to Cointelegraph, Johnson Asiama, Governor of the Bank of Ghana, stated at an International Monetary Fund (IMF) meeting that Ghana will be able to develop strong cryptocurrency regulations by the end of the year. "The bill is being submitted to Parliament. Hopefully, by the end of December, we will be able to regulate cryptocurrencies in Ghana."

The Bank of Ghana first released draft legislation in August 2024. Among these guidelines, the central bank proposed an eight-pillar framework, which included increased registration and reporting requirements for exchanges and virtual asset service providers (VASPs). The new law aims to address growing interest in cryptocurrencies among Ghanaian investors. Approximately 3 million Ghanaians, nearly 9% of the population, use cryptocurrencies.