Ghana’s crypto landscape is a fast-growing one. In 2025 so far, its crypto ecosystem has witnessed a lot of transformation, with the country choosing to adopt cryptocurrency as a part of its financial strategy. Currently, the country is ranked 9th among 27 countries that have adopted cryptocurrency.
In a recent study by Zawya, Ghana ranked higher than countries like Japan and the United Kingdom in terms of crypto adoption. The study further showed that about 17% of Ghana’s adult population owned cryptocurrency. New regulations surrounding cryptocurrency have helped increase the country’s crypto adoption rate.
As far back as 2022, the county had a tough stance on digital currencies and even banned financial institutions from engaging in activities involving crypto. However, in August 2023, the country developed a draft guideline to usher in the use of digital currencies into its economy.
While this guideline still requires polishing and the suggestions of industry players in the crypto market, it has caused a rise in crypto usage as individuals and businesses have now turned to cryptocurrency for transactions. Ghanaians can also buy and sell cryptocurrencies, motivated by the draft. In the search for trusted platforms to buy, sell, or even swap cryptocurrency, Ghanaians can visit Best Wallet for quick and easy withdrawals of their crypto assets without filling out KYC forms.
This ease of access to acquire and transact with cryptocurrency has made it possible for Ghanaians to access other forms of digital cash. The Ghana government took this development a step further by launching its digital currency, e-Cedi. While it awaits approval from its lawmakers, the Bank of Ghana is ready to roll out the e-Cedi this year.
Ghana is looking to join its West African counterpart, Nigeria, as one of the African countries with its central bank digital currency (CBDC). Ghana hopes to make the e-Cedi available offline, which will positively affect its functionality. While there are many debates about the stability of digital currencies, Ghana seems to be evolving with the world. By making e-Cedi available offline, Ghana aims to change digital banking in its rural communities, making sure that even the unbanked population can have access to digital cash.
Another interesting development is that the government has announced plans to integrate blockchain technology into the gold industry. The introduction of a blockchain-based gold tracking system is aimed at curbing the rising cases of illegal gold exports and stopping leaks in the gold supply, which is usually caused by middlemen.
This tracking system follows the announcement of a legislative bill which recommends that the government establish a new Gold Board institution that will be solely responsible for the acquisition of gold from small-scale miners and the creation of price controls which will help counter the activities of smugglers.
In this new system, all licensed miners will be registered in the country’s database and while a unique digital code will be assigned to every batch of gold produced so that as the gold moves from the miner to buyer and finally exporter in the gold supply chain, the transaction can be easily recorded on the blockchain network. If the bill is approved successfully, it will be the very first time that blockchain technology will be used in the country’s mineral sector.
