The Governor of the Bank of Ghana, Dr Johnson Pandit Asiama, has declared that virtual asset trading, encompassing cryptocurrency activities, is henceforth legal in Ghana.
He added that individuals participating in such transactions will not be subject to arrest. This announcement was made during his address at the annual Nine Lessons, Carols, and Thanksgiving Service at the Bank Square in Accra on December 19.
Dr Asiama attributed this development to the establishment of a regulatory framework enabling authorities to monitor the sector effectively while mitigating associated risks.
According to him, this framework allows for oversight of the sector.
“Effectively, virtual asset trading is now legal, and no one is going to be arrested for doing crypto, but we now have the framework to manage the risks involved,” Dr Asiama stated.
“These are not just legal milestones; they are enablers of better policies, stronger supervision and more effective regulation,” he said.
He, however, calls for 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.
“What this means is that now we have the framework to manage it and to manage the risks that can involve that kind of activity,” he said.
By: Rainbowradioonline.com/Ghana
