{
  "id": 10954589,
  "title": "Ghana is 5th largest crypto market in sub-Saharan Africa; annual transactions around $21bn",
  "url": "https://urgent.news/2026/09/30/ghana-is-5th-largest-crypto-market-in-sub-saharan-africa-annual",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-30T13:27:34.000Z",
  "source": {
    "name": "MyJoyOnline Ghana",
    "slug": "myjoyonline-ghana",
    "url": "https://www.myjoyonline.com/ghana-is-5th-largest-crypto-market-in-sub-saharan-africa-annual-transactions-around-21bn/"
  },
  "original_language": "en",
  "account": "Ghana has emerged as the fifth largest crypto market in sub-Saharan Africa, with an estimated annual transaction value of $21 billion. According to a report by the International Monetary Fund (IMF), between 8% and 17% of the population in Ghana have engaged in buying or selling cryptocurrency. The primary use cases for crypto in Ghana remain trading and hedging against inflation, although adoption of stablecoins in retail remittances is still minimal but may increase in the future. In December 2025, Ghana enacted legislation on crypto markets and activities, including stablecoins, through the Virtual Asset Service Providers Act 2025, which grants the Bank of Ghana (BoG) and the Securities and Exchange Commission (SEC) regulatory powers over these markets. The IMF report on Ghana's crypto regulation was released following a technical assistance mission conducted by the Monetary and Capital Markets (MCM) division to assess the country's prudential and conduct frameworks for crypto asset service providers (CASPs) and stablecoin arrangements (SCAs). The mission aimed to align local regulations with global standards set by the Financial Stability Board and the International Organization of Securities Commissions.",
  "summary": "According to a report by the International Monetary Fund, stablecoins are rapidly growing, but the main use cases remain in crypto trading and as a hedge against inflation although the use in cross border settlement in the informal and semi-formal economy is growing.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 3,
    "also_reported_by": [
      {
        "outlet": "Joy Business",
        "title": "Ghana is 5th largest crypto market in sub-Saharan Africa; annual transactions around $21bn",
        "url": "https://urgent.news/2026/09/30/ghana-is-5th-largest-crypto-market-in-sub-saharan-africa-annual-10955930",
        "published": "2026-09-30T13:27:34.000Z"
      },
      {
        "outlet": "Adom Online",
        "title": "Ghana ranks fifth in sub-Saharan Africa for crypto adoption, with annual transactions estimated at $21bn",
        "url": "https://urgent.news/2026/09/30/ghana-ranks-fifth-in-sub-saharan-africa-for-crypto-adoption-with",
        "published": "2026-09-30T13:53:00.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}