BoG Inaugurates Committee To Regulate Virtual Assets

The Governor of the Bank of Ghana, Dr Johnson Asiama, has announced the inauguration of Ghana’s Virtual Assets Coordinating Committee as part of efforts to operationalise the Virtual Asset Service Providers Act, 2025 (Act 1154).

In a Facebook post, Dr Asiama described the inauguration as an important step in moving from legislation to effective implementation of the law.

“Virtual assets are evolving rapidly and, alongside their potential applications, present important risks that require close regulatory attention. No single institution can address these risks alone,” he stated.

According to the Governor, the Committee brings together the Bank of Ghana, the Securities and Exchange Commission, the Ministry of Finance, the Cyber Security Authority and the Financial Intelligence Centre to strengthen coordination, information sharing and collective response to emerging risks in the virtual assets space.

Dr Asiama said the priority is to ensure that developments in the sector do not compromise consumer protection, financial integrity or financial stability.

“At the same time, regulation must provide clear and responsible guardrails within which legitimate innovation can develop,” he added.

He described the work of the Committee as an important national assignment, stressing that as the virtual asset landscape continues to evolve, strong oversight, effective coordination and vigilance will remain essential to protecting Ghana’s financial system.

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