Bank of Ghana Launches Virtual Assets Department to Regulate Digital Finance

The Bank of Ghana (BoG) announced the creation of a dedicated Virtual Assets Department to oversee digital assets and fintech innovations. The department will work with the central bank’s Regulatory Sandbox, aiming to foster innovation while protecting consumers and maintaining financial stability. BoG Deputy Governor Dr. Zakari Mumuni emphasized that regulation should enable growth, urging fintech firms and banks to collaborate with regulators.

At the same time, Standard Chartered hosted its inaugural Digital Assets Summit in Accra, highlighting stablecoins as a transformative tool for cross‑border payments in Africa and discussing tokenisation of assets. The bank’s research projects the global stablecoin market could grow from about US$300 billion today to roughly US$2 trillion by 2028. Standard Chartered also released a note on tokenising DeFi lending, identifying Aave as a potential beneficiary of tokenised assets.

Both events underscore Ghana’s push to integrate digital finance into its economy, balance innovation with oversight, and position the country as a competitive hub in the emerging digital asset ecosystem.