Ghana has formally legalized cryptocurrency trading after parliament passed the Virtual Asset Service Providers Bill, according to comments from Bank of Ghana Governor Johnson Asiama. The law removes legal uncertainty around crypto activity and establishes a regulatory framework aimed at managing risks tied to digital assets.
Under the legislation, the Bank of Ghana becomes the primary supervisor of crypto markets, with authority to license and oversee crypto asset service providers. The central bank said the framework is designed to curb fraud, money laundering, and systemic risks while strengthening consumer protection and regulatory clarity.
The move comes as Ghana ranks among Sub-Saharan Africa’s leading crypto economies. Regional adoption has accelerated over the past year, driven by remittances, payments, and inflation hedging. By formalizing oversight, Ghana aligns with a broader trend across emerging markets to balance innovation with financial stability as crypto use expands.
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