The Bank of Ghana (BoG) has officially confirmed that virtual asset trading, including cryptocurrency transactions, is now legal in Ghana, assuring the public that individuals involved in such activities will not be arrested.
The announcement was made by the Governor of the Bank of Ghana, Dr. Johnson Pandit Asiama, during the annual Nine Lessons, Carols and Thanksgiving Service held at the Bank Square in Accra on Friday, December 19.
Dr. Asiama explained that the decision follows the introduction of a comprehensive regulatory framework that enables authorities to properly supervise the virtual asset space while addressing the risks associated with such activities.
“Effectively, virtual assets trading is now legal and no one is going to be arrested for doing crypto, but we now have the framework to manage the risks involved,” he stated.
He noted that the development goes beyond simply legalising cryptocurrency trading, describing it as a significant step toward improving regulation, supervision and policy effectiveness within Ghana’s financial sector.
“These are not just legal milestones; they are enablers of better policies, stronger supervision and more effective regulation,” the Governor said.
Dr. Asiama further stressed that while the framework creates room for innovation and growth in digital finance, it also requires responsibility and vigilance from both regulators and participants in the crypto ecosystem.
“The progress gives us room to move, but it also calls for responsibility and vigilance,” he added.
According to him, the regulatory framework is designed to ensure that risks linked to virtual asset activities are well managed, protecting the stability of the financial system while allowing digital finance to develop within clear and structured guidelines.
