Ghana, ahead of the end of 2025, joined the list of countries that have taken the “regulate over restrict” approach towards crypto. The Bank of Ghana has officially approved a bill defining the legal status of crypto — opening the country to engage with the $3 trillion sector.
The new guidelines detail consumer protection and investor rights, KYC requirements, cross-border regulatory compliance, and suspicious transaction reporting requirements to shape up the crypto sector in alignment with global frameworks.
Johnson Asiama, the governor of the Bank of Ghana confirmed the development while addressing an event on December 19.
“The Bill establishes the basis for licensing and supervising participants in this space, ensuring that emerging activity is brought within clear, accountable, and well-governed boundaries,” Asiama said.
The guidelines introduce licencing regimes for crypto firms looking to operate in the country that houses a population of over 35 million as per Worldometer.
As per Asiama, the crypto market was already active in the country. The Ghanian central bank reportedly estimates that over three million residents are already exploring the digital assets sector.
With these guidelines, however, the administration is looking to make the participants more accountable and the industry, safer for engagement.
The news has spread like wildfire on social media with the reaction from local crypto community seeming celebratory.
For now, Ghana has not introduced a formal tax regime for crypto assets. In the next leg of its crypto regulatory step, the Ghana Revenue Authority (GRA) plans to tax crypto gains from under existing income tax laws. Before that, the country wishes to bring clarity around the classification of crypto assets.