{"id":38548,"date":"2025-07-24T11:02:02","date_gmt":"2025-07-24T11:02:02","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=38548"},"modified":"2025-07-24T11:02:02","modified_gmt":"2025-07-24T11:02:02","slug":"ghana-plans-crypto-firm-licensing-in-response-to-growing-demand-bloomberg","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=38548","title":{"rendered":"Ghana Plans Crypto Firm Licensing in Response to Growing Demand: Bloomberg"},"content":{"rendered":"<div>\n<p>Ghana is set to begin licensing cryptocurrency platforms in response to a surge in demand for digital assets in the West African country, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-07-24\/ghana-to-license-crypto-firms-as-digital-asset-demand-surges?srnd=phx-crypto&amp;sref=3REHEaVI\">Bloomberg reported on Thursday<\/a>.<\/p>\n<p>The country&#8217;s central bank is finalizing a regulatory approval to submit to parliament by September, according to the report, citing an interview with Bank of Ghana Governor Johnson Asiama.<\/p>\n<p>The hope is that regulating the crypto sector will help the Ghana capture revenue and better control its fiat currency. The cedi has grown over 40% against the U.S. dollar in 2025, helping it recover from a loss of nearly 20% last year. This volatility has made it difficult for the central bank to manage inflation.<\/p>\n<p>The use of cryptocurrency can exacerbate this problem as many agents are making and receiving crypto payments which are not being captured in the country&#8217;s financial accounts, Asiama added. <\/p>\n<p>Around 17.3% of Ghanian adults own cryptocurrency, equivalent to just over 3 million people, according to <a href=\"https:\/\/www.zawya.com\/en\/special-coverage\/the-future-of-cryptos\/ghana-has-the-9th-highest-rate-for-cryptocurrency-ownership-out-of-27-countries-vlm535o9\">a June 2024 report by Middle East-based business news firm Zawya<\/a>.<\/p>\n<p>Crypto transactions in Ghana in the 12 months to June 2024 totaled $3 billion out of a total $125 billion for the whole of sub-Saharan Africa, said Del Titus Bawuah, chief executive officer at Web3 Africa Group, according to Bloomberg&#8217;s report.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Ghana is set to begin licensing cryptocurrency platforms in response to a surge in demand for digital assets in the West African country, Bloomberg reported on Thursday. The country&#8217;s central bank is finalizing a regulatory approval to submit to parliament by September, according to the report, citing an interview with Bank of Ghana Governor Johnson [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-38548","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/38548","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=38548"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/38548\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=38548"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=38548"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=38548"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}