The Governor of the Bank of Ghana, Dr Johnson Pandit Asiama, has announced that cryptocurrency trading has been legalised in Ghana following the passage of the Virtual Asset Service Providers Bill, 2025, into law.
He explained that the new legislation, commonly referred to as the crypto law, provides a formal regulatory framework to supervise virtual asset activities and manage the risks associated with digital currencies.
Dr Asiama said the move ends uncertainty surrounding crypto transactions, while allowing the authorities to enforce oversight and consumer protection across the country.
Speaking at the annual Nine Lessons, Carols and Thanksgiving Service of the Bank of Ghana at the Bank Square in Accra on December 19, the Governor stressed that the law was a key step towards stronger regulation, improved supervision and a more resilient financial system.
“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.
On consumer protection, Dr Asiama stated that the legalisation of cryptocurrency trading does not amount to a free for all, but rather the introduction of firm rules to protect consumers and the financial system.
He said the new law empowers the Bank of Ghana to license, supervise and monitor entities operating in the digital asset space.
According to him, the absence of regulation in the past exposed users to fraud, money laundering and systemic risks, which the new framework seeks to address.
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