Ghana ramps up digital asset oversight via education

Ghana has taken another step towards formalising its digital asset market following the passage of the Virtual Asset Service Providers Act, known as Act 1154.

The Bank of Ghana has officially launched the National Virtual Assets Literacy Initiative, also referred to as NAVALI, as part of its post-legislation strategy.

The initiative follows Parliament’s approval of the VASP Act, which brings cryptocurrency and blockchain-based financial services under formal regulation.

For several years, Ghana’s central bank had warned citizens about the dangers of engaging with unregulated digital asset platforms.

The new law marks a shift from cautionary guidance to structured supervision and enforcement across the sector.

Act 1154 gives the Bank of Ghana and the Securities and Exchange Commission authority to license and monitor virtual asset service providers.

Regulators are now empowered to sanction operators that fail to comply with the country’s new digital asset rules.