Ghana Legalizes Crypto Under Central Bank Oversight
Ghana has legalized cryptocurrency trading by passing the Virtual Asset Service Providers Bill, which establishes a regulatory framework for the industry. The Bank of Ghana (BoG) is now the primary regulator, with authority to license and supervise crypto asset service providers. The legislation aims to manage risks such as fraud, money laundering, and systemic threats while providing legal clarity for cryptocurrency activities. It is also intended to promote innovation and expand financial inclusion, especially for young people and technology entrepreneurs. Ghana ranks among the top five Sub-Saharan African countries by total crypto value received, reflecting rapid regional growth in cryptocurrency use. The broader Sub-Saharan region saw over $205 billion in on-chain value, making it the third-fastest growing crypto market globally.
