The Bank of Ghana has announced significant progress in its efforts to establish a comprehensive regulatory framework for virtual asset activities, as the country prepares to bring oversight to a fast-growing sector.
In a statement released on Friday, the central bank said it has completed drafting the Virtual Asset Service Providers (VASP) Bill in collaboration with the Securities and Exchange Commission (SEC) and the Financial Intelligence Centre (FIC). ‘
The draft has already undergone review by industry groups, relevant state institutions, and international development partners and will soon move to Parliament for consideration.
“As part of this process, the Bank in July 2025 conducted a mandatory registration exercise for all virtual asset service providers.”
“The exercise has provided updated baseline information on virtual asset activities in Ghana, offering valuable insights to guide the design of a regulatory framework that is both market-relevant and fit for purpose,” the statement said.
The Bank noted that the forthcoming legislation will be supported by a phased implementation roadmap to ensure smooth rollout.
According to the statement, immediate priorities include ongoing consultations with the Executive and Legislature on the draft bill, the launch of a dedicated online portal to provide compliance support for service providers, and nationwide awareness campaigns.
The regulator stressed its focus on balancing innovation with financial stability to foster a safe, transparent, and innovative virtual asset ecosystem that protects users while encouraging responsible innovation and safeguarding the integrity of the financial system.
