{
  "id": 17794296,
  "title": "BoG Governor calls for trust-based regulation of virtual assets to protect financial stability",
  "url": "https://urgent.news/2026/11/02/bog-governor-calls-for-trust-based-regulation-of-virtual-assets-to",
  "topic": "world",
  "section": "World",
  "published": "2026-11-02T12:28:51.000Z",
  "source": {
    "name": "MyJoyOnline Ghana",
    "slug": "myjoyonline-ghana",
    "url": "https://www.myjoyonline.com/bog-governor-calls-for-trust-based-regulation-of-virtual-assets-to-protect-financial-stability/"
  },
  "original_language": "en",
  "account": "Dr Johnson Pandit Asiama, Governor of the Bank of Ghana (BoG), has advocated for a balanced regulatory approach to virtual assets in Ghana. He emphasized the importance of fostering innovation while safeguarding financial stability and consumer confidence. Speaking at the African Virtual Assets Summit (AVAS) 2026, Asiama stressed that regulating the virtual asset sector should not be overly restrictive, as different activities within the industry carry varying levels of risk. He argued that the approach should be tailored to the nature, scale, and complexity of each activity. Asiama highlighted the need for trust in the sector to allow innovation to flourish without putting consumers, investors, and the broader financial system at unnecessary risk. He identified consumer and investor protection, asset safeguarding, financial integrity, and integration with traditional financial systems as crucial elements in building trust. The Governor noted that Ghana had made significant progress with the enactment of the Virtual Asset Service Providers Act, 2025 (Act 1154), which establishes a legal framework for virtual asset activities and coordinates regulation between the BoG and the Securities and Exchange Commission (SEC). However, he cautioned that the law's effectiveness would hinge on proper implementation and enforcement. Asiama stressed that the real test would be translating the law into a credible and enforceable framework that provides certainty for responsible firms and investors. He reiterated the necessity of ensuring that digital economy developments complement and do not undermine Ghana's financial system, emphasizing that public confidence and appropriate safeguards remain central to embracing emerging financial technologies.",
  "summary": "The Governor of the Bank of Ghana (BoG), Dr Johnson Pandit Asiama, has called for a balanced regulatory approach to virtual assets, stressing the need to promote innovation while protecting monetary and financial stability and maintaining confidence in the Ghana cedi.",
  "key_points": [
    "Dr. Johnson Pandit Asiama, BoG Governor, advocates balanced regulation for virtual assets in Ghana.",
    "Emphasizes innovation must coexist with financial stability and consumer confidence.",
    "Calls for trust-building measures to enable innovation without undue risk."
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}