Regulation & supervision

Bank of Ghana is developing a Stablecoin Directive, Governor says

2 November 2026AfricaSource: Bank of Ghana

Bank of Ghana Governor Dr Johnson Pandit Asiama told the Africa Virtual Assets Summit 2026 in Accra on 2 November 2026 that the central bank is developing a Stablecoin Directive to set clear requirements for stablecoin activities in Ghana, describing stablecoins as a priority within the framework created by the Virtual Asset Service Providers Act, 2025 (Act 1154).
He said stablecoins may offer benefits for payments and settlement, but that their growing adoption, particularly those denominated in foreign currencies, could have implications for monetary sovereignty, currency substitution, capital flows and the effectiveness of monetary policy.
The Bank is working with the Securities and Exchange Commission and the Financial Intelligence Centre on the necessary regulatory instruments and supervisory arrangements.

Why it matters

Banks and payment firms operating in Ghana should expect dedicated central bank requirements for stablecoin activities, framed around protecting monetary sovereignty and confidence in the cedi, consumer protection, safeguarding of customer assets and sound connections with the traditional financial system.

Read the original: Bank of Ghana ↗

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More detail

Who is affected

Firms conducting or planning stablecoin activities in Ghana, and banks connected to Ghana's virtual asset ecosystem.

Key dates

2 Nov 2026Bank of Ghana Governor announces a Stablecoin Directive is being developed

What remains uncertain

The speech gives no timeline for issuing the Stablecoin Directive, no draft text and does not say which stablecoin activities will be permitted.

Key facts

Event: Speech
Jurisdiction: Africa
Source: Bank of Ghana
Source tier: Tier 1 · Regulator / central bank
Product: Stablecoin issuance

In the database

Institutions

U.S. Securities and Exchange Commission · Bank of Ghana

How we verified this

The source says

“The Bank of Ghana is developing a Stablecoin Directive to set clear requirements for stablecoin activities in Ghana, while providing clarity for any permitted activities.”

“Stablecoins may offer benefits for payments and settlement, but their growing adoption, particularly those denominated in foreign currencies, could have implications for monetary sovereignty, currency substitution, capital flows and the effectiveness of monetary policy.”
Dr Johnson Pandit Asiama, Governor, Bank of Ghana

“The passage of the Virtual Asset Service Providers Act, 2025 (Act 1154) marks a significant milestone, establishing a dedicated legal framework for virtual assets with coordinated regulation by the Bank of Ghana and the Securities and Exchange Commission.”

“The Bank is also working closely with the SEC and the Financial Intelligence Centre to develop the necessary regulatory instruments and supervisory arrangements.”

Verbatim from Bank of Ghana, matched word for word against the live page on 3 November 2026.

Sources

PrimaryBank of Ghana ↗2026-11-02T1Regulator

Evidence

Confidence: High Primary source (regulator / official record); quote string-matched against the live page.
Quote verified: 2026-11-03 07:00 UTC
Archived snapshot: SHA-256 d8fa71f4d963701b… · fetched 2026-11-03 · Wayback Machine copy ↗
Source type: Primary Bank of Ghana ↗

Change log (1)

2026-11-03 Published

Full evidence record · How we label confidence

AI-assisted: the summary and analysis were drafted with AI from the primary source and checked by the editors. AI-drafted from the primary source; quote string-matched against the live source page.

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