Ghana Central Bank Governor: Ghana is finalizing regulatory framework for cryptocurrency trading

According to Bloomberg, Johnson Asiama, the Governor of Ghana's central bank, stated that Ghana is developing a plan to hedge the price of gold exports, aimed at protecting export revenues that drive the growth of the central bank's foreign exchange reserves from future price fluctuations. In addition, Asiama stated that Ghana is finalizing a regulatory framework for cryptocurrency trading to include exchanges and other digital asset platforms in the formal regulatory scope. He said, "In fact, cryptocurrency has a great impact in Ghana, and we can turn a blind eye to it, but the reality is that it is having an impact." He said that regulation will enable the central bank to include virtual currencies under its anti money laundering and counter-terrorism financing rules, and ensure that digital innovation supports rather than undermines foreign exchange controls and currency stability.