In remarks at the Africa Virtual Assets Summit 2026 in Accra, Bank of Ghana Governor Johnson Pandit Asiama outlined work on a Stablecoin Directive to set requirements for stablecoin activities in Ghana and provide clarity for permitted activities. Stablecoins, particularly those denominated in foreign currencies, could affect monetary sovereignty, currency substitution, capital flows and monetary policy effectiveness. The regulatory approach should reflect the nature, scale and complexity of virtual asset activities, while protecting consumers, investors and customer assets and safeguarding financial integrity. The directive forms part of work to implement the Virtual Asset Service Providers Act, 2025, which established a legal framework with coordinated regulation by the Bank of Ghana and the Securities and Exchange Commission (SEC). Following the inauguration of the Virtual Assets Coordinating Committee in August 2026, the central bank is working with the SEC and the Financial Intelligence Centre on regulatory instruments and supervisory arrangements. Asiama also highlighted potential benefits from virtual assets and tokenisation, including cheaper remittances, faster settlement and improved access to financing for smaller businesses through digital representations of securities, commodities and trade receivables.
Bank of Ghana Governor outlines work on stablecoin rules and risks to monetary sovereignty
Bank of Ghana Governor Johnson Pandit Asiama told the Africa Virtual Assets Summit 2026 that the central bank is developing a Stablecoin Directive to clarify requirements for stablecoin activities in Ghana. He highlighted potential monetary risks from foreign currency stablecoins and the need for regulation proportionate to each activity’s nature, scale and complexity. The work forms part of implementing Ghana’s 2025 virtual asset law alongside other regulatory instruments and supervisory arrangements.