Bank of Ghana orders financial institutions to stop supporting foreign currency crypto wallets

The Bank of Ghana has issued a sweeping directive ordering all regulated financial institutions to cease supporting fiat currency wallet services denominated in foreign currencies, particularly United States Dollars (USD), offered by crypto platforms to users in Ghana. In a notice dated June 12, 2026, and signed by the Secretary of the Bank, Aimee Vyda Quashie, the central bank expressed concern over the operation of such arrangements, which are typically supported through bank transfers, pa...

By Caleb Ahinakwah