Ghana Intensifies Regulatory Framework for Virtual Asset Service Providers

On December 22, 2025, the Bank of Ghana, in collaboration with the Securities and Exchange Commission (SEC) and the Financial Intelligence Centre (FIC), hosted an Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) workshop aimed at Virtual Asset Service Providers (VASPs). This initiative is part of Ghana's commitment to strengthening its regulatory framework following the enactment of the new VASP Act, which outlines the legal obligations for VASPs operating within the country.

The workshop focused on educating participants about compliance requirements, licensing, and registration processes mandated by the VASP Act. It underscored the serious implications for entities that continue to operate without the necessary licenses after the transition period, indicating a robust regulatory stance from Ghana's financial authorities as they prepare for 2026. This move is seen as a significant step towards ensuring the integrity and security of the virtual asset sector in Ghana.