BoG calls for stronger oversight as Ghana launches Virtual Assets Committee
According to him, the committee will facilitate the harmonised implementation of the Act and its subsidiary regulatory instruments, while strengthening information sharing and inter-agency cooperation.
Bank of Ghana Governor Dr Johnson Asiama has called for enhanced oversight of Ghana's virtual asset sector to ensure financial stability, consumer protection, and address emerging risks. At the Virtual Assets Coordinating Committee's inauguration, Asiama emphasized the committee would serve as a statutory platform for coordinated regulatory action among institutions under the Virtual Assets Service Providers Act 2025 (Act 1154).
He stressed the need for effective coordination, timely information sharing, and a unified commitment among regulatory bodies to maintain the integrity of Ghana's financial system. The committee will also strengthen inter-agency cooperation and support coordinated responses to risks such as money laundering, terrorist financing, cybersecurity, and consumer protection.
Committee members include representatives from the Bank of Ghana, Securities and Exchange Commission, and other key institutions involved in financial regulation, security, and economic policy.
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