The Bank of Ghana has prohibited financial institutions from facilitating fiat currency transactions—specifically in US dollars—for cryptocurrency wallets. This directive, issued on June 12, 2026, targets services offered by crypto platforms operating within Ghana. The central bank cited concerns regarding these arrangements, which rely on traditional banking channels like transfers and payment cards. The move aims to curb the flow of foreign currency used to fund crypto activities within the country. Regulated financial institutions are now barred from supporting these foreign-denominated crypto wallet services. The Bank of Ghana’s notice was signed by Secretary Aimee Vyda Quashie, formalizing the new restrictions. This action signals a tightening of regulations surrounding cryptocurrency within Ghana’s financial system.