Ghana is getting serious about crypto. According to a report from Bloomberg, the Central Bank of Ghana plans to present a draft law to regulate crypto platforms by September this year. If passed, the country will begin issuing licenses to virtual asset providers—marking a big shift in how the government views cryptocurrencies.

Why Now?

This isn’t just a sudden move. Crypto use has been quietly booming in Ghana over the last few years. More than 3 million adults—about 17% of the adult population—are now using digital currencies like Bitcoin and USDT. That’s a huge number for a country with limited access to traditional banking, especially in rural areas.

For many Ghanaians, crypto isn’t just a trend. It’s a real tool for saving money, sending funds across borders, and dealing with rising living costs. But until now, there hasn’t been a clear set of rules for companies offering crypto services.

That’s what the Central Bank is trying to change.

What Will the New Law Do?

If the draft regulation passes through parliament, it will create a legal path for crypto exchanges and other virtual asset platforms to operate officially in Ghana. These platforms will need licenses and will have to follow certain rules—most likely including anti-money laundering checks and user protection policies.

This move could help clean up the space and protect regular people from scams or shady operators. It could also give more confidence to companies wanting to work in Ghana’s crypto space.

A Step Toward Safer Crypto Use

Elsie Addo Awadzi, who serves as the Second Deputy Governor at the Bank of Ghana, shared that this move is part of a bigger goal. Which is to bring Ghana’s financial systems into the modern digital age. The country has already started testing its own digital currency, the e-cedi, so this new crypto law fits right into that plan. 

By setting up a clear structure, Ghana isn’t trying to stop people from using crypto. Instead it’s trying to make it safer and more stable for everyday users. Such as Ghanaians who are already using digital currencies to save, invest, or send money. 

What It Means for Africa

Ghana is one of the biggest countries in Africa, and a lot of people look at it as a tech leader in West Africa. If this new law passes, it could encourage other African countries to follow its lead. Right now, many nations across the continent are still figuring out what to do with crypto. But Ghana might be one of the first to get it right.

Final Thoughts

With so many Ghanaians already using crypto every day, having clear rules in place feels like it’s coming at just the right time. This isn’t about shutting things down—it’s about catching up with how the world is changing.

For regular folks, this Ghana crypto regulation could make a big difference. By helping them feel safer, building trust, and letting them use the digital tools they depend on with a peace of mind.

The new president described Ghana’s farmers and fisherfolk as ‘heroes’

The newly elected President of the Ghana National Association of Farmers and Fishermen (GNAFF), Michael Tetteh Kwetey, has pledged to protect the welfare of members and ensure that government support reaches farmers and fisherfolk across the country.

Speaking at a handing-over ceremony in Accra, Mr. Kwetey said his leadership would focus on tackling the diversion of subsidised inputs such as premixed fuel, marine gasoline oil, and fertiliser, which are often targeted at supporting productivity in the agricultural and fisheries sectors.

“My leadership will ensure that whatever policy or support is meant for our members reaches them, no matter their location,” he said, in an interview on the sidelines of the ceremony.

“We will work to stop the diversion of government inputs and make sure they get to the right people on time.”

He issued a warning to those involved in diverting resources intended for farmers and fisherfolk. “I am sending a strong message to those who used to divert items such as fertiliser and premix fuel. This practice will no longer be tolerated, the law will catch up with them,” he said.

Mr. Kwetey said GNAFF would not hesitate to scrutinise and assess government agricultural policies to ensure they reflect the needs of its members.

“We are ready to collaborate with government to enhance productivity and address challenges such as food insecurity,” he said. “But we will also speak up where policies fall short.”

The new president described Ghana’s farmers and fisherfolk as “heroes,” adding that no society could function without their contribution. “Their work sustains livelihoods, supports local economies and feeds the nation,” he said.

He also promised to embark on nationwide visits to better understand the working and living conditions of farmers and fisherfolk and to identify ways the association can support them more effectively.

“Our renewed strength as an association reflects our strategic importance to the national economy,” Mr. Kwetey said. “We are entering a new era of progress, transformation and productivity in agriculture.”

Furthermore, Mr. Kwetey pledged to work closely with the Ministry of Food and Agriculture, saying GNAFF would act as a “wealthy partner in the reset agenda” to support a resilient agricultural economy.

“We must put the interests of farmers and fisherfolk first. Together, we will increase productivity, improve profitability, and strengthen our contribution to Ghana’s economy,” he said.

The outgoing president, Nene Terkpertey Agblezie I, who led GNAFF through several years of growth, expressed confidence in his successor and urged members to support the new leadership.

The ceremony brought together government officials, industry representatives, and farming cooperatives, marking what many described as a renewed push for collaboration and reform in the agriculture and fisheries sectors.

Mr. Kwetey holds a Master of Laws (LLM) in Energy Law from the University of Ghana, an LLB from Central University College, and a Master of Science in Oil and Gas Management from Coventry University.

He also holds a Master of Arts in Development Communication from the Ghana Institute of Journalism and a BSc in Entrepreneurship from GIMPA.

The 2025 edition of the Insurance Fair, which aims to address the country’s insurance penetration challenges while positioning the sector as a critical pillar of national development, commences in Accra today.

The annual event is organised by the Graphic Communications Group Ltd (GCGL), in collaboration with the National Insurance Commission (NIC) and the Ghana Insurers Association (GIA).

This year’s event, which is on the theme: “Boosting insurance in the formal and informal sectors of Ghana,” is expected to bring together hundreds of insurance sector players, state and corporate institutions, as well as individuals, to explore opportunities within the sector.

Scheduled to take place at the Accra Mall Food Court, the three-day event will start from 10:00a.m. to 7:00p.m. each day. 

Knowledge gap

The Director of Marketing and Sales at GCGL, Franklin Sowa, described the fair as a key intervention designed to tackle the knowledge gap that continues to affect insurance uptake in the country.

“There are questions that are begging for answers, and people do not know where to go; they do not know who to ask. This fair provides the platform to address those concerns comprehensively.

“We see a robust insurance sector as one of the key pillars that will help to drive development across all sectors, and that is why Graphic sees it necessary to help grow that sector so that the country can reap the benefits,” he stated.

Mr Sowah said the fair would offer individuals, entrepreneurs and corporate entities the opportunity to directly engage with various insurance companies, understand the products on the market and receive guidance to meet their specific needs.

He emphasised the recurring issues in claims disbursement, largely due to a mismatch between clients’ expectations and the limitations of certain policies, assuring that this year’s edition will address the concerns about claims processing.

The manager also disclosed that they had secured strategic partnerships with the Driver and Vehicle Licensing Authority (DVLA) and the Ministry of Finance, signalling high-level government commitment to the sector’s development.

Expansion

Mr Sowa explained that the decision to extend the Insurance Fair to Kumasi represents a strategic recognition of the Ashanti Region’s economic significance and the need to make insurance knowledge accessible in the country’s major commercial centres.

The expansion, he said, aligned with the fair’s core mission of reaching both the formal and informal sectors, as Kumasi served as the heart of Ghana’s informal trading economy while hosting numerous formal businesses that required comprehensive insurance coverage.

The Kumasi edition, scheduled for August 6 to 8 this year at the Ghana Post Forecourt at Adum, will mirror the comprehensive approach of the Accra event to ensure that traders at Kejetia Market, small and medium enterprises, and large corporations in the region have equal access to insurance education and products.

Participation  

This year’s edition represents a significant evolution in scope and participation, featuring a wide range of industry players, including life insurance firms and health insurance companies.

They include Nsia Insurance, Glico General, Glico Life, SIC Insurance PLC, Prudential Life Insurance Ghana, Enterprise Insurance, Enterprise Life, Millenium Insurance, Coronation and Hollard Insurance Life.

The rest are Vanguard Assurance Company Limited, miLife Insurance, Old Mutual, National Insurance Commission, Imperial General Assurance, Serene Insurance, Bedrock Insurance and Equity Health Assurance.

 HOSTS Mo­rocco booked their place in a second succes­sive Women’s Africa Cup of Nations (WAFCON) final after edging Ghana 4-2 on penalties in a tense semi-final clash that ended 1-1 after extra time in Rabat on Tuesday night.

The Atlas Lionesses held their nerve from the spot, with goal­keeper Khadija Er-Rmichi making a crucial save and two Ghanaian players missing, to seal a place in Saturday’s final against Nigeria.

The defeat means Ghana must now battle South Africa in Friday’s third-place playoff.

In a fiercely contested match at Stade Moulay Abdellah, it was Ghana who struck first through Stella Nyamekye in the 26th minute.

The midfielder headed a long cross into the box by Comfort Yeboah past Er-Rmichi to give the Black Queens a deserved lead.

The goal capped a bright start for Kim Björkegren’s side, who looked more composed and ener­getic in the opening half, creating several dangerous chances through Doris Boaduwaa, Princess Marfo and Chantelle Boye-Hlorkah.

Morocco, however, responded with increased urgency after the break.

The home crowd roared them on and their efforts were rewarded in the 55th minute when Sakina Ouzraoui Diki bundled the ball into the net from close range after sustained pressure and a deflected effort from Ibtissam Jraïdi.

The equaliser energised the Atlas Lionesses who began to dominate possession, but Ghana remained dangerous on the counter, with Princella Adubea and Alice Kusi coming close late in the game.

Both sides had chances to win it in normal time, but neither could find a breakthrough.

Extra time offered more drama as fatigue set in.

Injuries forced multiple substi­tutions, with Morocco’s Fatima Tagnaout and Ghana’s Princella Adubea needing treatment.

Ghana’s Evelyn Badu missed a glorious chance in the 100th min­ute, heading wide from close range, while Alozie’s speculative long-range effort in the final minutes went just over the bar.

With the deadlock unresolved after 120 minutes, penalties were required to separate the two Afri­can powerhouses.

Morocco’s nerve held firm. Hanane Aït El Haj, Ibtissam Jraïdi, Kenza Chapelle, and Anissa Lah­mari converted their spot-kicks, while Ghana missed twice—Eve­lyn Badu firing wide and Comfort Yeboah seeing her effort saved by Er-Rmichi.

The final whistle triggered wild celebrations among the Moroccan players and fans as Jorge Vilda’s team reached the final for the sec­ond tournament running.

It’s a result that continues Morocco’s dream of lifting their first-ever WAFCON title on home soil.

Ghana, meanwhile, will be left to rue their missed opportunities, but they still have a chance to end the tournament with a medal when they take on South Africa for third place tomorrow.

–CAFonline.com

GSE Composite Index (GSE-CI) remained steady at 6,436.54 points

The Ghana Stock Exchange (GSE) closed its trading session on Wednesday, July 23, 2025, flat, with both benchmark indices posting no change.

The GSE Composite Index (GSE-CI) remained steady at 6,436.54 points, maintaining its impressive Year-To-Date (YTD) return of 31.67%.

The GSE Financial Stocks Index (GSE-FSI) closed unchanged at 3,412.75 points, keeping its YTD gain at 43.35% reflecting strong performance by financial counters since the start of the year.

Market capitalisation for the day stood at GH¢139.212 million.

Despite the lack of movement in the indices, trading activity surged significantly.

A total of 569,162 shares exchanged hands, marking an 82.65% increase compared to the previous day’s volume.

The surge in activity translated into a total trade value of GH¢4,877,668.61.

NewGold ETF (GLD) saw a price decline of GH¢5.96, closing the day at GH¢361.74 per share.

GCB Bank PLC led the session’s trading chart with 498,244 shares changing hands at a value of GH¢4,718,370.68.

It was followed by CAL Bank, Ecobank Transnational Inc. (ETI), SIC Insurance, and MTN Ghana in descending order of volume traded.

SP

How Virtual Reality is enhancing business and customer experience

By Simon Asare

Accra, July 23, GNA –  One of Ghana’s most promising rap voices, Kwesi Amewuga, has dropped his debut album, ‘Ghetto King” telling the story of everyday life on the streets.

The 12-track album demonstrates Kwesi Amewuga’s versatility and dedication to tackle personal and street issues through his music.  

Kwesi Amewugah, who is progressively emerging as one of Ghana’s top rappers known for his ruthless lyrical prowess, dazzles on his current project, which combines genres ranging from trap to hiplife.  

The album opens with “Fighter,” a hard-hitting track that displays the perseverance and grit of today’s youth, as well as their determination to succeed.  

It continues with the unrelenting chase of money by the youth with songs titled “Abutrika”, “Bam” and “Muller” as Kwesi Amewuga paints a vivid picture of survival and ambition in Ghana’s inner cities.

Kwesi Amewuga explores themes of love with the “No Love” track, which also features Kweku Darlington, a powerful duet that makes a very soothing and powerful tune.

The echoes themes of victory, with tracks like “Winning” and “Kill Dem” capturing his story from hunger to breakthrough. 

On the other hand, he shows vulnerability with “Let Me Know” and “Missed Call”, revealing the emotional toll of love and loss. Songs like “Yentie Obiaa” and “Fly” represent rebellion and aspiration, while “Land Guard” closes the project with fierce, lyrical confidence rooted in rap tradition.

Blending street realism, sharp delivery, and rich African soundscapes, ‘Ghetto King’ will certainly be a contender for ‘Album of the Year’ and one of the best rap albums in recent times. 

GNA

Kenneth Odeng Adade

The United Nations Children’s Fund (UNICEF) has commended the Government of Ghana for fulfilling its 2025 co-financing obligation of $24.5 million for vaccine procurement, describing the move as a significant step toward sustaining child health and immunisation coverage.

In a statement copied to the Ghana News Agency (GNA), UNICEF noted that the timely payment would help prevent vaccine shortages, maintain herd immunity, and strengthen Ghana’s broader health system.

“Ghana consistently and timely met its vaccine financing obligations until 2022, when post-COVID-19 economic challenges, rising co-financing requirements, and reduced fiscal space—linked to the country’s transition from Gavi support—led to delays,” the statement said.

According to UNICEF, the full payment marks a return to pre-pandemic levels of financial performance in vaccine procurement and is critical to ensuring uninterrupted vaccine supply and the introduction of new vaccines.

UNICEF’s Representative in Ghana, Osama Makkawi Khogali, praised the government for prioritising child health despite prevailing economic challenges.

“I am proud to stand with the Government of Ghana in celebrating this important milestone. Although post-COVID economic pressures led to delays in payments, this full payment reflects a commendable prioritisation of child health,” he said.

“By investing in immunisation, the government is ensuring that every Ghanaian child—regardless of location—is protected from vaccine-preventable diseases.”

UNICEF also urged sustained domestic investment in vaccine financing, especially as international development aid continues to decline. The agency highlighted the long-term benefits of immunisation, stressing that preventing diseases is significantly more cost-effective than treating them.

“Investing in vaccines offers one of the highest returns in public health. Sustained investment today lays the foundation for a healthier, more resilient future generation,” UNICEF stated.

UNICEF is the world’s leading child rights organisation, working in over 190 countries and territories to protect and promote the health, survival, and well-being of children.

Source: GNA.com

Finance Minister to deliver 2025 Mid-Year Budget review today

Bank of Ghana’s new headquarters

The Bank of Ghana raised GH¢8.89 billion in its latest securities auction held on Wednesday, July 23, 2025, as investor appetite for short-dated instruments remained resilient despite declining interest rates on the debt instruments.

According to auction results published by the Central Bank, the 56-day BoG bill cleared at a weighted average discount rate of 10.36% and an interest equivalent of 10.53%, significantly below prior interest rate levels.

The bid window saw investor submissions ranging from 8.88% to 21.28%.

Though bids accepted in full were within a narrower range of 8.88% to 11.75% indicating the Bank’s preference for moderately priced liquidity.

The outcome suggests the BoG remains cautious in its liquidity operations, balancing the need to attract competitive bids while managing inflation expectations and stabilising the cedi under the ongoing IMF-backed fiscal consolidation programme.

SP

How Virtual Reality is enhancing business and customer experience

The Chief Executive Officer of the Ghana Shippers Authority, Professor Ransford Gyampo, has revealed that he was among the most outspoken critics of former President John Dramani Mahama in the lead-up to the 2016 general elections.

Speaking in an interview with Channel One TV on Wednesday, July 23, Prof. Gyampo recalled his public opposition to the Mahama administration, noting that his criticisms at the time were widely known and well documented.

“In the lead-up to the 2016 elections, we were the ones who chased him [President Mahama] out. I was an avowed critic of President Mahama,” he said.

“I think you are a fair-minded Ghanaian and a fair-minded stakeholder in Ghana’s media landscape, so if I tell you that I was among the loudest critics of President Mahama in the lead-up to the 2016 elections, you will know, and there are documentary proof. The internet doesn’t forget,” Prof. Gyampo added, pointing to the visibility of his remarks on public platforms.

He explained that the intense criticism at the time was driven by hopes that then-candidate Nana Addo Dankwa Akufo-Addo would deliver the transformative leadership Ghanaians yearned for.

“We chased him out of office in the hope that former President Akufo-Addo was going to be the messiah,” he stated.

Prof. Gyampo was appointed to lead the Ghana Shippers Authority by President Mahama on 30th January 2025, following the exit of Kwesi Baffour Sarpong, who had been appointed by the former Akufo-Addo administration.

Many have suggested his new appointment is a political reward, however, Prof. Gyampo insists he remains as objective as ever.

DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.

DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.

The Global Africa Summit, an initiative aimed at enhancing trade, investment, and partnerships between Africa and its diaspora, has officially been launched in Accra.

The event, scheduled for December, will unite investors, professionals, and business leaders from across Africa and the diaspora to explore economic opportunities in Ghana and beyond.

Speaking at the launch, Founding President and CEO of the Africa Investment Network, Mrs Jane Reindorf-Osei, explained that choosing Ghana to begin the summit series was intentional.

“As a proud Ghanaian, there was no better place to start than here. Ghana has so much to offer—not just resources, but the energy and talent of its people,” she said. “We aim to bring our diaspora and global partners to experience the investment, partnership, and tourism potential Ghana offers.”

Mrs Reindorf-Osei said the two-day summit would focus on trade and investment, featuring stakeholders from the private sector, government, academia, and global entrepreneurship networks. The initiative is backed by partners, including the National Black Chamber and members of the Africa Investment Network.

“It’s not only about business. Many in the diaspora feel Ghana is home. Some are coming to Africa for the first time, and they want to be part of the Black Star experience,” she added.

Mr Kofi Okyere Darko, Director of Diaspora Affairs at the Office of the President, highlighted the growing economic power of the diaspora, noting remittances now exceed $6.4 billion.

“President Mahama has maintained the Diaspora Affairs Office to show how much we value engagement with Ghanaians abroad. We want teachers, doctors, and business owners to return and contribute,” he stated.

He encouraged diaspora members to plan visits in December, not just for recreation, but also for national development through the National Diaspora Summit and the newly launched Black Star Experience.

Mrs Yvonne Ocloo, CEO of TopDog Africa and a summit partner, said the initiative aims to build lasting economic bridges.

“This is about creating jobs and driving growth. The Summit will move from Washington DC in October to Toronto before culminating in Ghana, which will take centre stage this December,” she said.

BY AGNES OPOKU SARPONG

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DjQwequ Blog of Thursday, 24 July 2025

Source: Emmanuel Jacob Amissah