Bank of Ghana Advances Virtual Asset Regulatory Framework with Draft VASP Bill

The Bank of Ghana (BoG) has announced significant progress in establishing a comprehensive regulatory framework for virtual asset activities in the country.

In collaboration with the Securities and Exchange Commission (SEC) and the Financial Intelligence Centre (FIC), the Bank has completed the drafting of the Virtual Asset Service Providers (VASP) Bill, which is currently advancing through processes leading to consideration by Parliament.

According to the Bank, the draft bill has undergone extensive review by industry stakeholders, state institutions, and international development partners to ensure it is robust, market-relevant, and fit for purpose.

As part of the preparatory measures, the BoG in July 2025 conducted a mandatory registration exercise for all virtual asset service providers, creating an updated baseline of virtual asset activities in Ghana. This exercise provided valuable insights that will guide the design and effective implementation of the regulatory framework.

Looking forward, the Bank has outlined a structured roadmap to ensure a smooth rollout of the VASP Act. Key priorities include:

• Ongoing consultations with government institutions and other stakeholders.
• Launch of a dedicated online portal to provide information and compliance support for VASPs.
• Nationwide awareness and engagement activities with industry players and the public.
• Preparatory steps for the phased operationalisation of the Act.

The Bank reaffirmed its commitment to fostering a safe, transparent, and innovative virtual asset ecosystem that protects users, promotes responsible innovation, and safeguards the integrity of Ghana’s financial system.

For further enquiries, stakeholders and the public are encouraged to contact the FinTech and Innovation Office of the Bank of Ghana via:

• Tel: +233 30 273 9650
• Email: varo@bog.gov.gh
• Website: www.bog.gov.gh