BoG officially recognizes legal status of Crypto trading in Ghana

The Governor of the Bank of Ghana, Dr Johnson Asiama, has confirmed that virtual asset trading, including cryptocurrency, is now legal in the country.

Dr Asiama said the development follows the establishment of a regulatory framework that allows authorities to oversee the sector while managing the risks associated with virtual assets.

Speaking at the Bank’s annual Nine Lessons, Carols, and Thanksgiving Service at Bank Square on December 19, 2025, the Governor described the move as more than just legal recognition, calling it a critical step toward strengthening regulation and supervision in the financial sector.

“These are not just legal milestones; they are enablers of better policies, stronger supervision, and more effective regulation. Effectively, virtual asset trading is now legal, and no one will be arrested for engaging in crypto. At the same time, we now have the framework to manage the risks involved,” Dr Asiama said.

He noted that while the framework encourages innovation and growth in the crypto space, it also requires caution from both regulators and participants.

“The progress gives us room to move, but it also calls for responsibility and vigilance,” he emphasized.

The Governor added that the regulatory framework is designed to ensure that risks associated with virtual asset activities are properly managed, protecting the stability of the financial system while allowing digital finance to evolve under clear rules.