A new law passed by Ghana’s parliament has officially legalized crypto trading, bringing digital asset activities out of a long-standing legal gray area.
On Monday, Ghana’s parliament approved a bill that establishes a clear regulatory framework for crypto and digital asset services. Under the new rules, individuals and companies operating in the sector will be required to register with either the Bank of Ghana or the Securities and Exchange Commission, depending on the nature of their activities.
Johnson Asiama, Governor of the Bank of Ghana, said the legislation brings transparency and accountability to the sector while strengthening oversight. He also noted last week that the new framework means no one will be arrested for trading crypto under the updated legal structure.
According to estimates by Accra-based Web3 Africa Group, Ghana processed around $3 billion in crypto transactions between July 2023 and June 2024, with roughly 17 percent of the adult population using digital assets. Asiama added that by 2026 the country plans to focus on payments, trade finance, FX settlement and market infrastructure, while also exploring asset-backed digital settlement tools such as a gold-backed stablecoin.
