Ghana Passes Bill to Regulate Virtual Asset Service Providers
Ghana’s new law officially legalizes cryptocurrency trading, providing regulatory oversight and ending the threat of arrests for individuals involved in crypto activities.
Summary
On December 23, 2025, Ghana’s parliament passed the Virtual Asset Service Providers Act, legalizing cryptocurrency trading. The law requires service providers to register with either the Bank of Ghana or the Securities and Exchange Commission, creating a regulatory framework for the sector. Governor Johnson Asiama confirmed that the law ends arrests for crypto trading and offers legal certainty for users. Between July 2023 and June 2024, Ghana’s crypto market saw $3 billion in transactions, with 17% of the adult population engaging in digital asset usage.
Terms & Concepts
- Virtual Asset Service Provider: An entity offering crypto-related services—such as exchanges or wallet providers—typically subject to licensing and regulatory oversight.