Ghana’s Parliament has approved legislation legalizing and regulating cryptocurrency trading nationwide. The Virtual Asset Service Providers (VASP) Bill, 2025, establishes a formal licensing system for the previously unregulated digital asset market. The Bank of Ghana will serve as the primary regulator, overseeing crypto exchanges, wallet operators, brokers, and related businesses while enforcing consumer protection and anti-money-laundering standards.
Under the new framework, Ghanaians can legally buy, sell, and trade digital assets like Bitcoin and Ethereum without legal uncertainty. However, cryptocurrencies are not designated as legal tender. Bank of Ghana Governor Johnson Asiama announced the development at a thanksgiving service in Accra, stating: “Effectively, virtual assets trading is now legal and no one is going to be arrested for doing crypto.”
The legislation prioritizes consumer protection and financial stability amid widespread crypto adoption involving millions of Ghanaians. Authorities previously expressed concerns about fraud and scams in the unregulated market. The new law introduces licensing procedures, reporting requirements, and ongoing oversight to protect users and maintain financial system integrity while supporting innovation and financial inclusion.