Physical Address
304 North Cardinal St.
Dorchester Center, MA 02124
Dr. Johnson Asiamah, Governor of the Bank of Ghana, announced that after the passage of the Virtual Asset Service Providers Act in 2025, Bitcoin and digital currencies can generally be legally traded in Ghana.
The law establishes a clear regulatory framework to oversee digital asset activities and limit the risks associated with the rapidly growing industry.
Asiama explained that the new legislation ends the ambiguity surrounding digital currency transactions and provides regulators with effective tools to protect consumers and maintain financial stability.
The legislation also confirms that companies operating in this sector will be subject to strict licensing, oversight and compliance regimes.
The law aims to combat fraud and financial crime, support innovation and promote financial inclusion, especially for young people and entrepreneurs in the technology sector.
The governor added that regulatory clarity will help attract investors and responsible fintech companies, which will support the diversification of the Ghanaian economy.
With this move, Ghana joins a growing number of African countries to begin regulating digital currency markets, following Kenya’s recent similar steps to legalize Bitcoin and other digital assets and set out a clear operating framework for the platforms.
Also read:
Why Are XRP Funds Outperforming Rivals In The Spot Crypto Fund Race?
Bitcoin’s journey from fringe idea to global asset: 15 years of transformation and testing
