By Benjamin Nii Nai Anyetei
The Bank of Ghana (BoG) has announced significant progress in establishing a comprehensive regulatory framework for virtual asset activities in the country.
In a statement issued on Wednesday, the central bank confirmed that it has completed drafting the Virtual Asset Service Providers (VASP) Bill in close collaboration with the Securities and Exchange Commission (SEC) and the Financial Intelligence Centre (FIC). The bill, which has undergone extensive review by industry stakeholders, state institutions, and international partners, is now advancing through the processes that will see it laid before Parliament.
As part of preparations, the BoG conducted a mandatory registration exercise in July 2025 for all virtual asset service providers in Ghana. According to the Bank, the exercise provided updated baseline information on the sector and offered insights to shape a regulatory framework that is both market-relevant and fit for purpose.
Looking ahead, the central bank says it has adopted a structured roadmap to guide the phased implementation of the framework and ensure the smooth operationalisation of the forthcoming VASP Act. Key priorities include:
- Ongoing consultations with government, Parliament, and other stakeholders on the draft bill.
- Launch of a dedicated online portal to serve as a central hub for compliance support and information for virtual asset providers.
- Nationwide public awareness and engagement activities with industry players.
- Preparatory measures to ensure a seamless rollout of the law.
The BoG reiterated its commitment to fostering a safe, transparent, and innovative virtual asset ecosystem that protects users, encourages responsible innovation, and safeguards the integrity of the financial system.
The Bank urged industry stakeholders and the public to remain engaged as Ghana positions itself to regulate virtual asset activities in line with international standards.
