Ghana has recently legalized cryptocurrency trading by creating a regulatory framework aimed at the digital assets sector. The Ghanaian parliament approved the Virtual Asset Service Providers Bill, as announced by Bank of Ghana (BoG) Governor Johnson Asiama, in a report from the Daily Graphic.
“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 stated during the BoG’s annual Thanksgiving Service.
This initiative comes in line with previous announcements regarding crypto regulations expected by the end of 2025.
Ghana’s Central Bank Gains Supervisory Powers
Under the new law, the Bank of Ghana will oversee cryptocurrency activities, possessing the authority to license and supervise crypto asset service providers (CASPs). Asiama emphasized that this move is crucial for protecting consumers from fraud and mitigating systemic risks, clarifying that:
“What this means is that now we have the framework to manage it and to manage the risks that can involve that kind of activity […] These are not just legal milestones; they are enablers of better policies, stronger supervision and more effective regulation.”
Asiama further noted that the legislation aims to foster innovation and enhance financial inclusion among youth and tech entrepreneurs in Ghana.
Ghana Ranks Among Sub-Saharan Africa’s Top Five Crypto Economies
The regulatory advancements place Ghana among the leading nations in cryptocurrency adoption. According to Chainalysis’ 2025 Geography of Cryptocurrency Report, Ghana ranked within the top five Sub-Saharan African countries in terms of total crypto value received between July 2024 and June 2025. The report revealed that Nigeria continues to lead the region with significant crypto transactions.
Total crypto value received by country in Sub-Saharan Africa from July 2024 to June 2025. Source: Chainalysis
The overall Sub-Saharan region saw a substantial increase in on-chain value to over $205 billion, a 52% rise from the previous year, marking it as one of the fastest-growing regions globally.
