Ghana passes law to legalize crypto trading, central bank governor says

Ghana has legalized cryptocurrency trading by establishing a regulatory model 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 study connected Sunday by the state-owned Daily Graphic quality agency.

“Virtual plus trading is present legal, and nary 1 volition beryllium arrested for engaging successful cryptocurrency, but we present person a model to negociate the risks involved,” Asiama said connected Friday astatine the BoG’s yearly Nine Lessons, Carols and Thanksgiving Service.

The timing aligns with earlier cardinal slope communications, arsenic Asiama had antecedently indicated Ghana was targeting the instauration of crypto regulation by the extremity of 2025.

Ghana’s cardinal slope gains supervisory powers

Under the legislation, the Bank of Ghana becomes the superior regulator for cryptocurrency activity, with powers to licence and supervise crypto plus work providers (CASPs).

The instrumentality positions Ghana to amended support consumers from fraud, wealth laundering and systemic risks, portion removing uncertainty implicit the ineligible presumption of cryptocurrency, Asiama said, adding:

“What this means is that present we person the model to negociate it and to negociate the risks that tin impact that benignant of enactment [...] These are not conscionable ineligible milestones; they are enablers of amended policies, stronger supervision and much effectual regulation.”

The politician besides mentioned that the crypto instrumentality is intended to enactment innovation and grow Ghana’s fiscal inclusion, peculiarly among young radical and tech-driven entrepreneurs.

Ghana ranks among Sub-Saharan Africa’s apical 5 crypto economies

Ghana’s determination to modulate cryptocurrency enactment comes arsenic the state emerges arsenic a important subordinate successful crypto adoption crossed the region.

According to Chainalysis’ 2025 Geography of Cryptocurrency Report, Ghana ranked among the apical 5 Sub-Saharan African countries by full crypto worth received betwixt July 2024 and June 2025.

Total crypto worth received by state successful Sub-Saharan Africa from July 2024 to June 2025. Source: Chainalysis

In the meantime, Nigeria continued to predominate the region, receiving astatine slightest $92 cardinal successful crypto worth implicit the period, oregon astir 3 times the magnitude recorded by South Africa, the study showed.

Related: CAR’s crypto propulsion fueled ‘state capture’ by elites, transgression networks: Report

The Sub-Saharan portion received implicit $205 cardinal successful on-chain value, up astir 52% from the erstwhile year. This maturation makes it the third-fastest increasing portion successful the world, conscionable down Asia-Pacific and Latin America, according to Chainalysis.