Ghana Passes Law To Legalize Crypto Trading, Central Bank Governor...

Ghana legalizes cryptocurrency and gives its central bank authority to regulate and license providers to reduce fraud and systemic risks.

Ghana has legalized cryptocurrency trading by establishing a regulatory framework targeting the industry.

Ghana’s parliament has passed the Virtual Asset Service Providers Bill into law, Bank of Ghana (BoG) Governor Johnson Asiama said, according to a report on Sunday by the state-owned Daily Graphic news agency.

“Virtual asset trading is now legal, and no one will be arrested for engaging in cryptocurrency, but we now have a framework to manage the risks involved,” Asiama said on Friday at the BoG’s annual Nine Lessons, Carols and Thanksgiving Service.

The timing aligns with earlier central bank communications, as Asiama had previously indicated Ghana was targeting the introduction of crypto regulation by the end of 2025.

Under the legislation, the Bank of Ghana becomes the primary regulator for cryptocurrency activity, with powers to license and supervise crypto asset service providers (CASPs).

The law positions Ghana to better protect consumers from fraud, money laundering and systemic risks, while removing uncertainty over the legal status of cryptocurrency, Asiama said, adding:

The governor also mentioned that the crypto law is intended to support innovation and expand Ghana’s financial inclusion, particularly among young people and tech-driven entrepreneurs.

Ghana’s move to regulate cryptocurrency activity comes as the country emerges as a significant player in crypto adoption across the region.

According to Chainalysis’ 2025 Geography of Cryptocurrency Report, Ghana ranked among the top five Sub-Saharan African countries by total crypto value received between July 2024 and June 2025.

Source: CoinTelegraph