The Bank of Ghana (BoG) is set to roll out a new regulatory framework for digital banking as part of efforts to strengthen oversight of Ghana’s rapidly evolving financial sector.
The report indicates that the Bank of Ghana (BoG) is set to roll out a new regulatory framework for digital banking as part of efforts to strengthen oversight of Ghana’s rapidly evolving financial sector.
It further notes that governor Dr Johnson Asiama stated that the central bank has completed work on the framework and is preparing to engage industry stakeholders before implementation.
“We have prepared the Digital Banking Framework, together with comprehensive draft guidelines, and it is now ready for stakeholder consultation, to support its timely implementation and provide a clear regulatory foundation for the next phase of digital banking in Ghana.”
Dr Asiama made the announcement in a keynote address at the Financial Architecture Summit held at the National Banking College in Accra.
He noted that the financial sector has evolved beyond traditional banking institutions.
“The financial system we regulate today is no longer defined only by banks, balance sheets and banking halls, but rather digital platforms, payment networks, technology providers and new forms of financial intermediation.”
According to the Governor, regulation must also evolve to keep pace with these changes and should move beyond a focus solely on the stability of individual institutions.
Dr Asiama also announced progress on regulating virtual asset activities in Ghana following the passage of the Virtual Asset Service Providers (VASP) Act, 2025.
“The Bank of Ghana is now developing, alongside the Securities and Exchange Commission, the licensing requirements and implementation guidelines that will operationalise it.”
He emphasised that innovation must be supported by secure, interoperable and inclusive financial infrastructure.
The Governor stated the central bank is continuing efforts to modernise Ghana’s national payment systems to build a financial ecosystem that is secure, efficient and inclusive.
“A modern payment system is critical national infrastructure that underpins commerce, investment and economic growth.”
On the e-Cedi project, Dr Asiama stated the Bank of Ghana remains committed to exploring its broader applications.
“We are continuing on Ghana’s digital currency, by exploring its potential application to cross-border transactions and to wholesale payments within the domestic financial system, as a complement to the existing RTGS infrastructure.”
