Ghana has legalized cryptocurrency buying and selling by establishing a regulatory framework focusing on the trade.
Ghana’s parliament has handed the Digital Asset Service Suppliers Invoice into regulation, Financial institution of Ghana (BoG) Governor Johnson Asiama mentioned, in keeping with a report on Sunday by the state-owned Every day Graphic information company.
“Digital asset buying and selling is now authorized, and nobody can be arrested for partaking in cryptocurrency, however we now have a framework to handle the dangers concerned,” Asiama mentioned on Friday on the BoG’s annual 9 Classes, Carols and Thanksgiving Service.
The timing aligns with earlier central financial institution communications, as Asiama had beforehand indicated Ghana was focusing on the introduction of crypto regulation by the tip of 2025.
Ghana’s central financial institution features supervisory powers
Below the laws, the Financial institution of Ghana turns into the first regulator for cryptocurrency exercise, with powers to license and supervise crypto asset service suppliers (CASPs).
The regulation positions Ghana to raised shield customers from fraud, cash laundering and systemic dangers, whereas eradicating uncertainty over the authorized standing of cryptocurrency, Asiama mentioned, including:
“What this implies is that now we’ve the framework to handle it and to handle the dangers that may contain that sort of exercise […] These should not simply authorized milestones; they’re enablers of higher insurance policies, stronger supervision and more practical regulation.”
The governor additionally talked about that the crypto regulation is meant to help innovation and develop Ghana’s monetary inclusion, significantly amongst younger folks and tech-driven entrepreneurs.
Ghana ranks amongst Sub-Saharan Africa’s high 5 crypto economies
Ghana’s transfer to manage cryptocurrency exercise comes because the nation emerges as a major participant in crypto adoption throughout the area.
In line with Chainalysis’ 2025 Geography of Cryptocurrency Report, Ghana ranked among the many high 5 Sub-Saharan African nations by complete crypto worth acquired between July 2024 and June 2025.
Within the meantime, Nigeria continued to dominate the area, receiving at the very least $92 billion in crypto worth over the interval, or almost 3 times the quantity recorded by South Africa, the report confirmed.
Associated: CAR’s crypto push fueled ‘state seize’ by elites, prison networks: Report
The Sub-Saharan area acquired over $205 billion in on-chain worth, up about 52% from the earlier 12 months. This development makes it the third-fastest rising area on the planet, simply behind Asia-Pacific and Latin America, in keeping with Chainalysis.
