[REVISION HISTORY]

Ghana virtual asset regulation development

Updated 3 times since CLSTR started tracking revisions of this situation.

What changed

2026-09-28 11:43 UTC → 2026-10-02 10:36 UTC · added ~~removed~~

Ghana has moved into a coordinated supervision phase for virtual asset regulation following the passage of the Virtual Asset Service Providers Act, 2025 (Act 1154). To prevent institutional silos, the government inaugurated the Virtual Assets Coordinating Committee, which includes representatives from the Bank of Ghana, the Securities and Exchange Commission, the Ministry of Finance, the Cyber Security Authority, and the Financial Intelligence Centre. Building on this committee’s formation, the Bank of Ghana is preparing to release specific licensing guidelines for Virtual Asset Service Providers (VASPs), such as exchanges and wallet providers. Governor Dr Johnson Asiama noted that the central bank had previously ignored the sector, stating, “We have in the past pretended that cryptocurrency does not exist, but the truth is that it goes on whether you like it or not.” The regulatory regime is now operationalizing oversight for a market that serves more than three million users. A 2025 registration exercise identified over 100 service providers, including those offering brokerage and wallet services. The Bank of Ghana, the Securities and Exchange Commission, and the Financial Intelligence Centre are focusing on licensing and registration to manage risks related to payments, capital flows, and financial stability. The government intends to have the virtual-asset framework fully operational by 2027. As the new regime approaches its December 2026 implementation, the International Monetary Fund (IMF) has urged Ghana to strengthen its supervisory frameworks. The IMF noted that while the 2025 Act provides a legal foundation, specific activity-based rules for trading, brokerage, and lending remain missing. Additionally, the IMF recommended clearer rules regarding stablecoin reserves, liquidity, and redemption rights to manage their use in inflation hedging and cross-border settlements. The IMF emphasized that regulators must improve coordination and technical expertise to manage a market that facilitates approximately $21 billion in annual transactions.

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