Key Takeaways
- Ghana passed the VASP Act of 2025 to regulate its fast-growing virtual asset and cryptocurrency sector.
- Over 3 million Ghanaians now use crypto, boosting fintech but posing fraud risks to the financial system.
- The Securities and Exchange Commission and the Bank of Ghana are currently developing licensing rules.
Rising Crypto Adoption and Systemic Risks
Ghana has rolled out a legal framework to regulate virtual assets as cryptocurrency adoption accelerates across the economy, according to the country’s 2025 Financial Stability Review.
The development is a direct consequence of the passage of the Virtual Asset Service Providers Act of 2025, a legal framework establishing licensing protocols and supervisory mandates for all…
