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.
Commodity tokenization would enable African countries — such as Ghana and Botswana — an opportunity to empower themselves without relying on international aid.
Commodity tokenization is the economic aid Africa needs
The narrative that blockchain technology could revolutionize how people interact with technology in Africa may not be stale after all.
How blockchain technology makes it easier for Africans to upskill
Cointelegraph’s Elisha Owusu Akyaw shares how cryptocurrency is changing the financial landscape in Africa — and the opportunities and challenges that come with...
Africa: The next hub for Bitcoin, crypto adoption and venture capital?
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 reimagin...
How blockchain can help reimagine a new state in Africa
Bitcoin Lightning Network adoption receives a boost with the launch of U.S. dollar payments and the decentralized social media platform Nostr.
Bitcoin Lightning Network growth is organic, coming from real-world adoption
Despite a challenging year for the crypto industry, nearly 40% of respondents indicated a plan to purchase cryptocurrencies like Bitcoin in 2023.
40% of 40K respondents plan to buy crypto in 2023: Blockchain.com survey
On stage at AfroBitcoin, Strike CEO Jack Mallers announced plans to improve remittance payments into Africa thanks to Bitcoin’s Lightning Network.
Strike partners with Bitnob to facilitate cross-border payments into Africa