Ghana Legalizes Cryptocurrency Trading with New Bill

Ghana has legalized cryptocurrency trading with the passing of the Virtual Asset Service Providers Bill, 2025. The Bank of Ghana confirmed that crypto activity is now fully legal, removing previous uncertainties.

The bill establishes a unified regulatory framework for digital assets, granting the central bank full authority over the sector.
Before this law, crypto use was widespread but lacked regulation, exposing users to fraud and complicating enforcement.
All virtual asset firms are now required to seek approval and adhere to licensing, monitoring, and compliance standards.
The new structure targets fraud, money laundering, and misuse of customer funds, focusing on consumer protection.
The legislation aims to prevent another financial crisis like the one in 2022 by allowing controlled growth of digital assets.

Impact on Adoption and Capital

Prior to the law, many users operated without formal approval; regulation now allows legal businesses to enter the market.
This change is expected to attract international exchanges and fintech firms, creating jobs, tax revenue, and capital.
Youth-led fintech activity is prioritized, focusing on payments and remittances.
The Bank of Ghana will implement licensing rules and supervision in phases during 2026; existing operators must comply to continue operating.

The market is open but will be closely monitored, according to Dr. Johnson Pandit Asiama, Governor of the Bank of Ghana.