The Securities and Exchange Commission Ghana (SEC) announced that Ghana’s Parliament has passed the Virtual Asset Service Providers (VASPs) Bill, which sets out a legal and regulatory framework for regulating virtual assets and VASPs. The framework identifies the Bank of Ghana, the SEC and any other regulator prescribed by the Minister of Finance as relevant authorities, and requires persons and entities conducting virtual asset activities to be licensed or officially registered by the SEC or the Bank of Ghana depending on the activity. Under the Bill, the SEC’s licensing and supervisory perimeter covers virtual asset exchanges, trading platforms, issuance and tokenization, virtual asset exchange traded funds, virtual asset managers, investment advisors and brokerage, as well as virtual asset advocacy, mining and validation, and sandbox activities where these are “on securities”. Guidelines and other regulatory instruments from the SEC and the Bank of Ghana are expected to follow to operationalize the Act.
Securities and Exchange Commission Ghana 2025-12-29
Securities and Exchange Commission Ghana sets out licensing scope under Parliament-passed Virtual Asset Service Providers Bill
Ghana's Parliament passed the Virtual Asset Service Providers Bill, creating a regulatory framework for virtual assets and VASPs. The framework designates the Bank of Ghana and the Securities and Exchange Commission Ghana (SEC) as key authorities, requiring licensing or registration for virtual asset activities. The SEC's oversight includes exchanges, trading platforms, tokenization, and related activities, with further guidelines anticipated.