The Bank of Ghana (BoG) has reiterated its dedication to fostering a safe, transparent, and innovative virtual asset ecosystem that protects users, encourages responsible innovation, and safeguards the integrity of the financial system. This commitment was outlined in a recent statement as the central bank continues to shape the future of virtual asset activities in the country.
In a parallel development, BoG announced the completion of the drafting of the Virtual Asset Service Providers (VASP) Bill, a significant step toward establishing a comprehensive regulatory framework for virtual asset activities in Ghana. The bill, developed in collaboration with the Securities and Exchange Commission (SEC) and the Financial Intelligence Centre (FIC), has undergone extensive reviews by industry groups, relevant state institutions, and international development partners. According to a BoG statement, the draft is now progressing through parliamentary processes for consideration.
As part of its preparatory efforts, BoG conducted a mandatory registration exercise for all virtual asset service providers in July 2025. This initiative provided updated baseline information on virtual asset activities in Ghana, offering valuable insights to guide the design of a market-relevant and fit-for-purpose regulatory framework. The bank has adopted a structured roadmap to oversee the phased implementation and operationalization of the forthcoming VASP Act.
Immediate priorities include continued consultations with the Executive Arm of Government, the Legislature, and other stakeholders on the Draft Bill, the statement indicated. BoG also plans to launch a dedicated online portal to serve as a central source of information and compliance support for VASPs. Additionally, the bank will embark on nationwide awareness and engagement activities with industry stakeholders and the public, alongside adopting preparatory measures to ensure a smooth rollout of the Act.
