Ghana’s Parliament has approved the Virtual Asset Service Providers (VASPs) Bill, paving the way for formal regulation of virtual assets and digital finance activities in the country.
The Securities and Exchange Commission (SEC) said the new law establishes a comprehensive legal and regulatory framework to oversee virtual assets and the operations of Virtual Asset Service Providers, with the aim of protecting investors and preserving market integrity.
In a press release issued on Monday, 29 December 2025, the SEC said the passage of the Bill aligns with its statutory mandate to regulate and promote an efficient, fair and transparent securities market.
The Commission noted that the rapid growth in the use of virtual assets has made it necessary to introduce clear rules that balance investor protection with financial innovation.
“The increasing adoption of virtual assets requires a robust regulatory framework that safeguards investors while supporting innovation within Ghana’s financial system,” the SEC said.
Under the new law, regulatory oversight of virtual asset activities will be shared among key institutions, including the Securities and Exchange Commission, the Bank of Ghana, and any other authority designated by the Minister of Finance.
All individuals and entities engaged in virtual asset-related activities will be required to obtain licences or be officially registered with either the SEC or the Bank of Ghana, depending on the nature of their operations.
The SEC said it will work closely with the Bank of Ghana to issue detailed guidelines and additional regulatory instruments to operationalise the Act and provide clarity for market participants.
For the avoidance of doubt, the Commission stated that it will be responsible for licensing and regulating a wide range of virtual asset services under the law. These include virtual asset exchanges and trading platforms, virtual asset issuance and tokenisation, virtual asset exchange-traded funds (ETFs), virtual asset managers, investment advisers, brokerage services, and securities-related advocacy activities.
The Commission will also oversee virtual asset mining and validation activities linked to securities, as well as virtual asset sandbox operations that fall within its regulatory remit.
Reassuring the public, the SEC said it remains committed to ensuring a secure and transparent digital asset environment.
“The SEC assures the general and investing public of its continued diligence and unwavering commitment to fostering a safe, efficient, fair and transparent virtual asset ecosystem in which investors are protected and market integrity is upheld,” the statement said.
The press release was issued pursuant to sections 3 and 208(c) of the Securities Industry Act, 2016 (Act 929), as amended.
Members of the public seeking further information have been advised to contact the SEC through its official email address, telephone lines or website.