The Bank of Ghana (BoG) has reaffirmed its commitment to establishing a robust regulatory framework for virtual assets during an engagement with the Chamber of Digital Assets and Blockchain Innovation Ghana (CDABI-GH).
The meeting marked a significant step in fostering collaboration between the central bank and key players in Ghana’s emerging digital asset ecosystem.
The discussions centred on the BoG’s ongoing efforts to regulate the virtual asset space and the Chamber’s role in supporting ethical and secure innovation in the sector.
Governor Dr. Johnson Pandit Asiama commended the Chamber on its formation and reiterated the Bank’s openness to stakeholder input as it works to finalise the legal and regulatory structures governing digital assets in the country.
Outlining its regulatory roadmap, the Bank of Ghana revealed several key initiatives including, a virtual Asset Service Provider (VASP) registration exercise to be rolled out soon, the launch of a limited regulatory sandbox to test emerging technologies and business models, and ongoing stakeholder consultations on a draft Bill and supporting regulations
The central bank further stated its intention to complete and publish the regulatory framework by September 2025, in line with international standards and best practices.
It assured the Chamber that it would be included in future engagements to shape policies that support innovation while safeguarding financial stability, market integrity, and consumer protection.
For its part, the Chamber pledged to uphold ethical standards within the digital asset space and expressed its readiness to collaborate with the Bank to ensure the development of a resilient and secure virtual asset market in Ghana.
A virtual asset (VA) is a digital representation of value that can be digitally traded or transferred and can be used for payment or investment purposes.
