Analysis
Crypto laws are popping up across Africa as countries race to offer favorable conditions to the crypto industry and balance consumer safety concerns.
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Ghana News
Ghana is a west African country with an area of 239,500 square kilometers and a population of 28 million people. Ghana has one of the fastest growing economies in the word. Ghana has a rich resource base that includes petroleum and precious metals, plus a developed industrial sector that produces automobiles and electronics. The Ghanaian economy, if properly improved in property rights and market transparency, could become the strongest in Africa. There is no certainty about the position of Bitcoin in Ghana. Ghana has no Bitcoin regulation; however, trading Bitcoin is not legal, as it is yet to be recognized as a form of currency. All mediums of exchange in Ghana should be approved by the Bank of Ghana and Bitcoin’s status is under consideration. The central bank of Ghana issued Bitcoin-related warnings which cautioned the public on the use of it and related risks.
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It’s estimated that over 3 million people in Ghana, representing roughly 8.9% of the country’s 34 million population, use crypto in some form.
4458 - News
Blockchain.com is opening a Nigerian office as part of its expansion into African markets showing regulatory progress.
2301 - News
The Bank of Ghana introduces draft guidelines to regulate digital assets, focusing on exchanges and consumer protection measures.
6549 - News
Project DESFT is meant to encourage trade between small businesses using a CBDC and a stablecoin, emphasizing credentialing.
4271 - News
Ghana Post launched a crypto stamp collection to showcase its king’s 25-year-long journey of persevering in traditional values and adopting new-age technology.
2641 - Opinion
Commodity tokenization would enable African countries — such as Ghana and Botswana — an opportunity to empower themselves without relying on international aid.
2693 - Podcast
The narrative that blockchain technology could revolutionize how people interact with technology in Africa may not be stale after all.
8797 - Podcast
Cointelegraph’s Elisha Owusu Akyaw shares how cryptocurrency is changing the financial landscape in Africa — and the opportunities and challenges that come with it.
4545 - Podcast
Eche Emole, the co-founder of Afropolitan, explains how the nation-state experiment has failed, especially in Africa, and how blockchain can be used to reimagine a new state.
2766 - Market Analysis
Bitcoin Lightning Network adoption receives a boost with the launch of U.S. dollar payments and the decentralized social media platform Nostr.
6938 - News
Despite a challenging year for the crypto industry, nearly 40% of respondents indicated a plan to purchase cryptocurrencies like Bitcoin in 2023.
4446 - News
On stage at AfroBitcoin, Strike CEO Jack Mallers announced plans to improve remittance payments into Africa thanks to Bitcoin’s Lightning Network.
6695 - News
Paxful CEO Ray Youssef said that the current growth trends in Ghana show it has the potential to be a leader in terms of crypto adoption.
3314 - Interview
Kwame Oppong, an executive at Ghana’s central bank, told Cointelegraph that a CBDC could give their citizens the opportunity to use a "decent form of payment."
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