Bank of Ghana takes lead in regulating virtual assets
The Bank of Ghana (BoG) has assumed the inaugural two-year chairmanship of the newly established Virtual Assets Coordinating Committee (VACC), as Ghana moves to operationalise a comprehensive regulatory framework for the country’s rapidly expanding virtual asset sector. Governor of the Bank of Ghana, Dr Johnson Pandit Asiama, said the Committee would be critical to ensuring […] The post Bank of…
The Bank of Ghana has assumed chairmanship of the Virtual Assets Coordinating Committee (VACC) for a two-year term as Ghana establishes a comprehensive regulatory framework for the rapidly expanding virtual asset sector. Governor Dr Johnson Pandit Asiama emphasized the importance of coordinated regulation, consumer protection, financial stability, and responsible innovation.
The VACC, established under the Virtual Asset Service Providers Act 2025, aims to harmonise implementation, strengthen information sharing, and address emerging risks such as money laundering, terrorism financing, cybersecurity, and consumer protection. The Committee comprises representatives from the Bank of Ghana, Securities and Exchange Commission, Ministry of Finance, Cyber Security Authority, and Financial Intelligence Centre, with potential co-optation of other relevant institutions.
The chairmanship will rotate between the Bank of Ghana and the SEC, with the Bank of Ghana leading for the first two years.
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