The Governor of the Bank of Ghana, Dr Johnson Pandit Asiama, says cryptocurrency trading is now legal in Ghana following the passage of the Virtual Asset Service Providers Bill, 2025.
Speaking at the Bank of Ghana’s Nine Lessons, Carols and Thanksgiving Service in Accra on December 19, Dr Asiama said the new law provides a clear regulatory framework for virtual assets, ending uncertainty around crypto activities.
“Effectively, virtual assets trading is now legal and no one is going to be arrested for doing crypto, but we now have the framework to manage the risks involved,” he said.
He stressed that the move is not a free-for-all, explaining that the law empowers the central bank to license and supervise digital asset operators to protect consumers and safeguard financial stability.
Dr Asiama said regulation would reduce risks such as fraud and money laundering, while supporting innovation, financial inclusion and the growth of Ghana’s fintech sector.
He added that the crypto law, together with amendments to the Bank of Ghana Act, strengthens oversight and governance to prevent a repeat of the institutional failures experienced during the 2022 crisis.
“The progress gives us room to move, but it also calls for responsibility and vigilance,” he noted, assuring the public of the central bank’s commitment to stability as the digital asset space expands.
