Bank of Ghana halts crypto dollar wallets
Analysis based on 7 articles · First reported Jun 13, 2026 · Last updated Jun 15, 2026
The directive from the Ghana — Bank of Ghana is expected to disrupt crypto platforms offering dollar-denominated wallet services to Ghanaian users, as well as the banks and payment service providers facilitating these transactions. This could lead to a decrease in the availability of such services and potentially impact the liquidity of the United States within Ghana's informal financial channels. Regulated financial institutions face immediate compliance requirements, with potential sanctions for non-adherence.
The Ghana — Bank of Ghana has issued a directive ordering all banks, payment service providers, and regulated financial institutions in Ghana to immediately cease any arrangements that facilitate unauthorized fiat currency wallet services offered by crypto platforms, particularly those denominated in United Statess. The central bank stated that these services violate the Payment Systems and Services Act 2019, and the Foreign exchange market, as the crypto platforms involved are not authorized to conduct such activities. The directive, signed by Aimee Vyda Quashie, emphasizes immediate compliance with no grace period and warns of supervisory or enforcement actions for non-compliance. This move is part of the Ghana — Bank of Ghana's broader effort to regulate the digital asset landscape, prioritize consumer protection, and maintain financial stability.
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