As of 2025, Ghana is actively developing its cryptocurrency landscape. It is drafting roadmaps for creating licenses for crypto exchanges and platforms. The Bank of Ghana is establishing a dedicated unit focused on digital assets to manage the regulatory process.

Before 2025, cryptocurrency was effectively illegal or unregulated in Ghana. The Bank of Ghana issued multiple notices clarifying that crypto is not a legal tender and is not regulated by any domestic law. It explicitly stated that cryptocurrency is not backed or guaranteed by the government. But that sentiment is changing in 2025.

Crypto VASP Licensing

July 2025- VASP Licensing 

• Bank of Ghana (BOG) asked all VASPs operating in Ghana to register by August 15, 2025, as part of the preparation for official licensing and regulation. 

• This initiative aims to ensure the country generates revenue from the digital assets sector while helping to stabilise its national currency.

April 2025 – The Virtual Asset Providers Act 

• The Bank of Ghana’s governor, Johnson Asiama, announced during a recent visit to Washington, D.C., that the central bank plans to begin regulating Virtual Asset Service Providers (VASPs). 

The Bank of Ghana is currently developing a regulatory framework aimed at governing the digital asset space, which it intends to present to Parliament by the end of September 2025.