President John Dramani Mahama has signed the Virtual Asset Service Providers (VASP) Bill into law.
The legislation formally brings cryptocurrencies and other digital assets under a structured legal framework.
Deputy Director-General of the Securities and Exchange Commission (SEC), Mensah Thompson, announced the development on Facebook, noting Parliament’s approval after thorough deliberations.
“The Bill legalizes the usage, trading, and provision of services in the virtual assets space,” he wrote, praising stakeholders, including the President, Finance Minister, Bank of Ghana Governor, and SEC leadership, for their roles in advancing the legislation.
The new law mandates the SEC and the Bank of Ghana to supervise virtual asset service providers, ensuring operations adhere to a clear regulatory framework.
Key market operators and exchanges also contributed technically, supporting the effort to modernize Ghana’s financial ecosystem.
Thompson emphasized the collaboration across political lines and the engagement of stakeholders, highlighting that the law positions Ghana alongside global financial trends while promoting financial inclusion.
Activities in the digital asset space that were previously unregulated, such as trading and investment services, will now operate under legal oversight, enhancing investor confidence.