Parliament passes VASPs Bill to regulate virtual asset operations in Ghana
30th December 2025
Parliament has passed the Virtual Asset Service Providers (VASPs) Bill, creating a comprehensive legal and regulatory framework to govern the operation of virtual assets and related services in Ghana.
In a press release dated December 29, 2025, the Securities and Exchange Commission (SEC) said the new law represents a major milestone in protecting investors and enhancing the integrity of Ghana’s securities market as digital assets continue to gain prominence.
Under the legislation, the regulation and supervision of virtual asset activities will be jointly undertaken by the SEC, the Bank of Ghana and any other regulatory authority that may be designated by the Minister of Finance. All individuals and entities operating within the virtual asset space will be required to obtain licences or formal registration from either the SEC or the Bank of Ghana, depending on the nature of their activities.
The SEC stated that it will collaborate closely with the Bank of Ghana to develop and issue detailed guidelines and regulatory instruments to effectively operationalise the Act and provide clarity for market participants.
As part of its expanded mandate, the Commission will license and regulate a broad spectrum of virtual asset services. These include virtual asset exchanges and trading platforms, virtual asset issuance and tokenisation, virtual asset exchange-traded funds (ETFs), asset management and investment advisory services, brokerage operations and advocacy activities related to securities.
In addition, the SEC will oversee virtual asset mining, validation processes and sandbox activities linked to securities-based digital assets.
The Commission reaffirmed its commitment to ensuring a safe, efficient, fair and transparent virtual asset ecosystem in Ghana. It noted that the passage of the VASPs Bill underscores its determination to safeguard investors while encouraging innovation and responsible growth within the digital finance sector.
The SEC further invited stakeholders and members of the public seeking additional information to engage the Commission through its official communication channels. The press release was issued pursuant to sections 3 and 208(c) of the Securities Industry Act, 2016 (Act 929), as amended.