Yet again, the crypto space has had a busy week, filled with market moves, policy updates, and industry developments worth noting. There have been fresh updates shaping conversations across Ghana and the global market. Let’s see what’s making waves in the crypto market this week.
Latest Crypto News in Ghana This Week
Quick Summary
Here’s a summary of the stories making headlines this week:
- Ghana is already moving on stablecoin regulation while other African central banks are still debating what rules should even look like.
- The Bank of Ghana is widening its watch beyond crypto itself, tightening oversight of the AI, cloud, and tech infrastructure that quietly powers mobile money, banking, and crypto exchanges across the country.
- Ghana’s July 31 deadline for banks to cut ties with unauthorised crypto dollar wallets is now just days away, and the pressure is on for compliance.
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Top Crypto News in Ghana Today
Ghana is already acting while the rest of Africa debates stablecoins
While other African central banks spent last month debating stablecoin rules at a closed-door roundtable, Ghana has already moved. Parliament passed the Virtual Asset Service Providers Act back in December, and the Bank of Ghana has since set up a Virtual Assets Regulatory Office to bring informal, peer-to-peer crypto activity into supervised channels.
At the roundtable, Ghanaian tech entrepreneur Ethel Cofie made the case that regulators need to treat different stablecoin use cases differently instead of applying one blanket rule to all of them, since a token used for speculative trading isn’t the same as one used for cross-border payments or protecting savings from currency swings. Her warning was pointed: if African regulators simply wait for global standards set in the US or Europe, those frameworks may not reflect African realities like mobile money penetration, informal trade, and currency volatility.
For a country where millions already use crypto as a practical financial tool rather than a speculative bet, that distinction matters far more than it does elsewhere.
Bank of Ghana tightens oversight of AI, crypto, and cloud risks
Ghana’s central bank is moving to tighten oversight of technology risks including artificial intelligence, cyber-attacks, cloud computing, and virtual assets. The idea is to put guardrails around the digital infrastructure that increasingly underpins mobile money, online banking, and crypto exchanges in the country, since banks and fintechs now lean heavily on AI, cloud servers, and blockchain networks to run their operations.
What makes this move notable is the timing. It comes just weeks after the central bank’s clampdown on unauthorised crypto dollar wallets, suggesting the Bank of Ghana isn’t just reacting to one-off compliance gaps but building out a broader, more permanent posture around digital risk.
Rather than treating AI, cloud computing, and crypto as separate concerns handled by separate rules, the central bank appears to be recognising that these technologies are increasingly intertwined, since the same cloud servers and algorithms that flag suspicious mobile money transactions are often the ones processing crypto exchange activity too
Ghana’s July 31 deadline for crypto-linked dollar wallets is almost here
The clock has nearly run out for banks and payment companies still supporting unauthorised crypto platforms offering dollar-denominated wallet services. The Bank of Ghana’s June directive gave institutions until July 31 to fully unwind these arrangements, and that date is now just days away. Any partnership still standing after the deadline will be treated as null and void, with further enforcement action to follow for any bank, specialised deposit-taking institution, or payment service provider that hasn’t complied.
The directive sits alongside a related deadline for international money transfer operators, who also have until the end of the month to complete their registration, a sign the central bank is using this window to tighten its grip on how foreign currency moves in and out of the country through multiple channels at once.
For everyday users, the message is simple: if you rely on a dollar wallet tied to a crypto platform, find out now whether it’s properly licensed, because access could disappear without much warning once August begins.
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Global Crypto News: What’s Going On Around the World?
While Ghana shifts gears behind the scenes, the global crypto stage lit up and saw major developments this week. Here’s what’s turning heads worldwide:
Bitcoin shrugs off a tech-stock selloff and keeps climbing
Bitcoin held remarkably steady even as a broader tech-stock selloff, triggered by weak earnings from major companies, rattled markets and wiped out more than 83,000 leveraged crypto traders in a single 24-hour stretch, worth around $301 million. Despite that shake-up, Bitcoin still managed to hold above $65,000 and post its fourth straight weekly gain, a sign that the token is starting to weather these shocks better than it has in the past.
Ethereum and XRP also opened the week in the green, up over 4 percent and 1 percent respectively, while smaller tokens split sharply between winners and losers depending on how exposed they were to the broader risk-off mood.
The CLARITY Act edges closer to a Senate vote, but the fight isn’t over
America’s long-awaited crypto rulebook took a real step forward this week. Senator Cynthia Lummis released an updated, consolidated draft of the bill on July 22, merging work from the Senate Banking and Agriculture Committees, and Treasury Secretary Scott Bessent has publicly said the bill has reached the “one-yard line.” But getting into the end zone is proving difficult.
A group of Senate Democrats has formally opposed the current draft over a missing ethics provision that would restrict government officials, including the president, from profiting off crypto ventures while in office, a sticking point tied directly to scrutiny over the Trump family’s own crypto holdings.
With Congress facing an August 7 deadline before recess, this is genuinely down to the wire, and prediction markets currently put the odds of passage this year at only around 41 to 60 percent, depending on which forecaster you ask.
Bitcoin ETFs post a third straight week of inflows
After a brutal June that saw the worst monthly outflows in the history of US spot Bitcoin ETFs, the tide has clearly turned. These funds have now pulled in fresh institutional money for three consecutive weeks, helping support Bitcoin’s recovery back above $65,000. It’s a meaningful shift in tone from just a few weeks ago, when outflows were the dominant story, and analysts were openly questioning whether the ETF structure itself was becoming a source of fragility rather than stability.
Three straight weeks of inflows doesn’t erase that worry entirely, but it’s a far healthier signal than the alternative, and it suggests institutional appetite for Bitcoin is genuinely returning rather than just pausing its retreat.
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Top Crypto Stories to Watch Next Week
More Updates on Ghana’s Crypto Licensing Process
Market participants will be watching closely for any new announcements from the Bank of Ghana (BoG) and the Securities and Exchange Commission (SEC) regarding the licensing of Virtual Asset Service Providers (VASPs). Further guidance on compliance requirements and approvals could shape how crypto businesses operate in the country.
U.S. Federal Reserve Interest Rate Decision
The U.S. Federal Reserve is expected to conclude its two-day policy meeting on Wednesday, July 29. Crypto investors will be paying close attention to the Fed’s interest rate decision and Chairman Jerome Powell’s remarks for clues about future monetary policy. Any surprises could trigger significant price movements across Bitcoin and the broader crypto market.
Big Tech Earnings Season
Several of the world’s largest technology companies, including Microsoft, Meta, Apple, and Amazon, are scheduled to report quarterly earnings throughout the week. Their financial results and outlooks often influence overall market sentiment, which can spill over into the crypto market. Strong earnings could boost risk appetite, while weaker-than-expected results may increase volatility.
