The bill was drafted in collaboration with the Securities and Exchange Commission (SEC) and the Financial Intelligence Centre (FIC). “The draft has undergone extensive review by industry groups, relevant state institutions, and international development partners, and is now progressing through the processes leading to consideration by Parliament,” the Bank said in a statement.

As part of the process, the Bank in July 2025 conducted a mandatory registration exercise for all virtual asset service providers. The exercise provided updated baseline information on virtual asset activities in Ghana, offering valuable insights to guide the design of a regulatory framework that is both market-relevant and fit for purpose. 

According to the Bank, it has adopted a structured roadmap to guide the phased implementation of the framework and the operationalisation of the forthcoming VASP Act. 

“Immediate priorities include continued consultations with the Executive Arm of Government, the Legislature and other stakeholders on the Draft Bill,” the statement indicated. BoG indicated that it would launch a dedicated online portal to serve as a central source of information and compliance support for VASPs. 

Furthermore, it would embark on nationwide awareness and engagement activities with industry and the public and adopt preparatory measures to ensure a smooth rollout of the Act. “BoG remains committed to fostering a safe, transparent, and innovative virtual asset ecosystem that protects users, encourages responsible innovation, and safeguards the integrity of the financial system,” the statement said.