Ghana has officially legalised cryptocurrency trading following the passage of the Virtual Asset Service Providers Bill, 2025. The bill was approved by Parliament on December 22, 2025. This marks a major turning point for the country’s digital economy and regulatory landscape.
The new law brings clarity to an industry that previously operated without formal legal recognition. It also places Ghana among African nations taking structured steps toward crypto regulation.
Key Provisions of Ghana’s New Crypto Law
Clear Legal Framework for Digital Assets
The VASP Bill establishes a clear legal foundation for cryptocurrency trading and related services in Ghana. Digital asset activities are now recognised under national law. The Bank of Ghana has been named the primary regulatory authority.
Licensing and Regulatory Oversight
All crypto-related businesses must obtain licenses before operating. This includes exchanges, wallet providers, and custodial services. The Securities and Exchange Commission will work alongside the Bank of Ghana to enforce compliance. Operators must meet strict anti-money laundering and counter terrorist financing standards.
Strong Consumer Protection Measures
The new law introduces safeguards to protect users from fraud and financial abuse. Service providers must maintain strong internal controls and financial transparency. This is significant, as about 17 per cent of Ghana’s adult population already uses cryptocurrency.
Assurance for Crypto Users
Governor Johnson Asiama confirmed that the law protects individuals who trade or hold digital assets legally. The policy removes fear of arrest for lawful crypto activity and provides clarity for millions of users nationwide.
Why the VASP Law Matters for Ghana
Formalising a Growing Digital Economy
The law brings structure to an already active crypto market. It creates opportunities for fintech startups, developers, and investors while improving oversight and accountability.
Aligning With Regional Trends
Ghana joins other African nations moving toward regulated crypto adoption. Countries like Kenya have also introduced legal frameworks to govern digital assets. This shift reflects a continental move toward innovation rather than restriction.
Economic and Financial Impact
The new framework is expected to reduce remittance costs and encourage financial inclusion. While the Ghanaian cedi remains the only legal tender, regulated crypto use may support trade, investment, and digital entrepreneurship.
