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

According to Dr Asiama, this development follows the establishment of a regulatory framework that enables authorities to oversee the sector while managing the risks associated with virtual asset trading.

Speaking at the annual Nine Lessons, Carols, and Thanksgiving Service held at the Bank Square on December 19, 2025, Dr Asiama explained that the move goes beyond legal recognition, describing it as a critical step toward strengthening regulation and supervision within the financial sector.

BoG Governor stresses safeguarding and modernisation of Ghana's currency

“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 is going to be arrested for engaging in crypto. But we now have the framework to manage the risks involved,” he noted.

He emphasized that while the new framework provides flexibility for innovation and growth, it also demands caution from both regulators and participants in the crypto space.

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

The Governor further stressed that the regulatory framework is designed to ensure that risks linked to virtual asset activities are properly managed, safeguarding the stability of the financial system while allowing digital finance to evolve within clear rules.

SP/EB

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