{
  "id": 3316334,
  "title": "BoG calls for stronger oversight as Ghana launches Virtual Assets Committee",
  "url": "https://urgent.news/2026/08/25/bog-calls-for-stronger-oversight-as-ghana-launches-virtual-assets-3316334",
  "topic": "world",
  "section": "World",
  "published": "2026-08-25T17:14:21.000Z",
  "source": {
    "name": "MyJoyOnline Ghana",
    "slug": "myjoyonline-ghana",
    "url": "https://www.myjoyonline.com/bog-calls-for-stronger-oversight-as-ghana-launches-virtual-assets-committee/"
  },
  "original_language": "en",
  "account": "Bank of Ghana's Governor Dr Johnson Asiama has urged for more robust oversight of Ghana's virtual assets sector to ensure financial stability, consumer protection, and address emerging risks. At the inauguration of the Virtual Assets Coordinating Committee, Dr Asiama emphasized the rapid evolution of virtual assets demands active regulatory intervention. This new committee will serve as a statutory platform for coordinated regulatory and supervisory action among relevant institutions under the Virtual Assets Service Providers Act, 2025 (Act 1154). Dr Asiama stressed the necessity of effective coordination, timely information sharing, and a collective commitment among regulatory institutions to uphold Ghana's financial system's integrity. The committee aims to harmonize the implementation of the Act and its subsidiary regulatory instruments, enhance information sharing and inter-agency cooperation, and support coordinated responses to risks such as money laundering, terrorist financing, cybersecurity, and consumer protection. The committee includes representatives from the Bank of Ghana and the Securities and Exchange Commission. Meanwhile, the Government of Ghana has announced plans to procure 1,200 megawatts of combined-cycle thermal power capacity by 2029. This initiative aims to secure a reliable electricity supply and reduce power generation costs. The Minister for Energy and Green Transition, John Abdulai Jinapor, disclosed this plan during the Future of Energy Conference. Jinapor highlighted the government's ambition to procure the additional thermal capacity using domestic resources to lower power costs. He noted that while the country would require additional power until the project's completion, efforts are underway to bridge the supply gap during the transition period. Jinapor emphasized the importance of a reliable and affordable power supply to support businesses and industries, stating that Ghana's energy sector must deliver sufficient, reliable, and affordable power.",
  "summary": "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.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Joy Business",
        "title": "BoG calls for stronger oversight as Ghana launches Virtual Assets Committee",
        "url": "https://urgent.news/2026/08/25/bog-calls-for-stronger-oversight-as-ghana-launches-virtual-assets",
        "published": "2026-08-25T17:14:21.000Z"
      }
    ]
  },
  "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."
}