At long last, people and businesses that deal in virtual assets will no longer operate under wraps and in the dark, as a new chapter has been opened in Ghana’s financial space.
Ghana has formally and officially stepped into the global digital finance space, with cryptocurrency trading now fully legal under the newly passed Virtual Asset Service Providers Act, 2025.
This means that for many Ghanaians who have been trading crypto quietly for years, they can now step into the light.
Announcing the development in Accra, Bank of Ghana Governor Dr. Johnson Pandit Asiama said the new law finally removes the uncertainty that has long surrounded cryptocurrency use in the country. Crypto trading, he stressed, is no longer a risky legal grey area.
To cast out any doubt, the governor emphasized that virtual asset trading is now legal. No one will be arrested for doing crypto. However, he was quick to add that legality does not mean lawlessness.
“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 announced.
For years, many young people, freelancers, traders, and tech entrepreneurs relied on cryptocurrencies for payments, savings, and cross-border transactions, even without clear rules. While the innovation thrived, so did scams, fraud, and other risks. The absence of regulation left consumers exposed and authorities powerless.
That changes with the new law. Under the framework, the Bank of Ghana now has the power to license, supervise, and monitor crypto exchanges and digital asset service providers.
This means firms operating in the space must meet clear standards, while users gain stronger protection against fraud and abuse.
Dr. Asiama described the move as a careful balance between encouraging innovation and safeguarding the financial system. Crypto, he said, is here to stay, but it must grow within a safe and well-governed environment.
The law opens new doors. With proper regulation, experts believe Ghana can now attract credible fintech firms, boost investor confidence, create jobs, and support economic diversification.
For young people already earning, saving, or building businesses around digital assets, it offers legitimacy and peace of mind.
