Overview
- Parliament passed the Virtual Asset Service Providers Act, granting the Bank of Ghana authority to regulate the sector under a defined rulebook.
- All crypto businesses must register and obtain licenses from the Bank of Ghana or the Securities and Exchange Commission and meet AML/CFT and reporting requirements.
- Governor Johnson Asiama said individuals can trade without fear of arrest, while noncompliant operators face sanctions or closure.
- Regulators will issue detailed licensing and supervisory instruments in phases through 2026, and existing platforms must register to continue operating.
- Cryptocurrencies are not legal tender in Ghana, and the cedi remains the country’s only official currency.