Ghana

Regulatory Status

Jurisdiction code

GH

Regime

Sandbox

Regulator

Bank of Ghana

Governing law

E-Money Issuer Guidelines / VARO

Travel Rule

In Progress

Tracked entities

6

Recognized stablecoin backing

fiat-backed, crypto-backed, commodity-backed, algorithmic

Yield-bearing stablecoins

Restricted

Currency

GHS

Regulatory approach

The Bank of Ghana serves as the primary regulator, overseeing payment-related virtual asset activities, custody services, issuance, and any activities with implications for monetary policy and financial stability. The Securities and Exchange Commission co-regulates activities related to trading, investment offerings, and tokenization of securities. Both regulators operate under the framework of the VASP Bill 2025 and coordinate through a dedicated Virtual Assets Regulatory Office (VARO), established in 2025 to provide specialized supervision of digital assets and their service providers. The regulatory framework aligns with Financial Action Task Force (FATF) standards, including mandatory AML/CFT compliance and enforcement of the Travel Rule for transaction traceability.

Licensed entities in Ghana

6 regulated-entity records tracked in Ghana by Plexo Institute.

Stablecoin laws in Ghana

Primary legal texts Plexo Institute tracks for Ghana.

• Virtual Asset Service Providers Act, 2025 (enacted 2025-12-29)

  Entry into force date to be announced (phased implementation throughout 2026). The Virtual Asset Service Providers Act, 2025 establishes Ghana's first comprehensive legal framework for regulating virtual assets and virtual asset service providers. The Act designates the Bank of Ghana as the primary regulator and the Securities and Exchange Commission as co-regulator for digital asset activities. It requires all VASPs (exchanges, wallet operators, custodians, issuers) to obtain licenses or registration. The framework covers consumer protection, AML/CFT compliance (including FATF Travel Rule), cybersecurity, capital requirements, and fit-and-proper assessments. The Act specifically defines virtual assets as "digital representations of value that can be digitally traded or used for payment," excluding CBDCs and representations of fiat currency. VASPs must maintain a registered office in Ghana. The Bank of Ghana and SEC will issue detailed operational guidelines and regulatory instruments beginning in early 2026. The law ends years of regulatory ambiguity and brings an estimated $3 billion in annual informal crypto activity into the regulated financial perimeter.

Central bank digital currency in Ghana

Plexo Institute tracks 1 central bank digital currency programme in Ghana.

• e-Cedi — Status: Pilot · Central bank: Bank of Ghana (BOG) · Model: Retail · Technology: G+D Filia

Relationship Graph

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Jurisdiction FAQ

Who regulates Ghana?

The current Plexo Institute record lists Bank of Ghana as the regulator for Ghana.

How many VASPs are tracked in Ghana?

6 VASP/entity records are tracked by Plexo Institute in Ghana.

What is the Travel Rule status in Ghana?

The current Plexo Institute record lists the Travel Rule status for Ghana as In Progress.

Source Evidence

This profile is compiled from official legislation and regulator records. Source confidence: official source evidence.

• Bank of Ghana VARO
• Atlantic Council Tracker