Kofi Ahovi

  Government is targeting 2027 for the full operationalisation of its Virtual Asset Service Providers Act, 2025 (Act 1154), as the Bank of Ghana (BoG) and the Securities and Exchange Commission (SEC) work to develop the regulatory framework for the rapidly evolving sector. Exploring African Diaspora Media Governor of the Bank of Ghana, Dr Johnson Asiama, said the two institutions are developing operational guidelines and implementing policy sandboxes to support the effective implementation of the law. Speaking at the inauguration of the Virtual Assets Coordinating Committee (VACC), Dr Asiama said the legislation was a critical step in bringing Ghana’s growing virtual asset sector under a formal regulatory framework. The operational guidelines are being developed by the designated regulatory authorities, i.e., the Bank of Ghana and the Securities and Exchange Commission, alongside the implementation of policy sandboxes by both institutions towards fully operationalizing the Act by 2...

  Mensah Thompson, Acting Deputy Director General of Operations at the Securities and Exchange Commission, says Ghana is positioning itself to embrace virtual assets and tokenised finance through a regulatory framework designed to encourage innovation while protecting investors and maintaining financial stability. Speaking on the topic "Ghana’s Approach to Virtual Assets: Enabling Innovation While Safeguarding Stability" at the 3i Africa Summit in Accra, Thompson said regulators are working closely with industry stakeholders to create a credible and responsible virtual asset ecosystem. According to him, Ghana’s improving economic environment has strengthened investor confidence and created momentum for new forms of digital investment and financial innovation. Less than a year ago, many people questioned whether Ghana could recover from its economic difficulties, but today the results are becoming increasingly visible,” he said. He pointed to declining inflation, improving mar...