Ghana has announced plans to license cryptocurrency firms by September 2025, joining Nigeria and South Africa in formalizing crypto regulation. The Bank of Ghana has issued a Virtual Asset Providers Act to parliament, aimed at consumer protection. The VAP Act will allow Ghana to license crypto platforms, enforce capital, security and anti-fraud safeguards. With over 3 million Ghanaians engaged in crypto, the move is expected to attract investment, boost tax revenue, and enhance regulatory clarity.
