Ghana: Parliament adopted Virtual Asset Service Providers Act, 2025 including quality of service requirements

On 12 December 2025, Parliament adopted the Virtual Asset Service Providers Act, 2025, which includes quality of service requirements, on third reading. The Act's date of entry into force will be announced. The Act will apply to virtual asset service providers providing such a service from or in Ghana. Virtual assets are defined as digital representations of value that can be digitally traded or used for payment, though excluding central bank digital currencies and representations of fiat currency. The Act requires virtual asset service providers to give notice to regulators when engaging in activities, such as obtaining a licence or being subject to enforcement action in another jurisdiction. Further, providers must prepare annual accounts and comply with regulator requests to make accounts and audited financial statements available. Section 32 of the Act requires providers to comply with certain capital, solvency, and insurance requirements, while maintaining the liquid capital level required by the regulator. Providers of virtual asset custody services are subject to additional safeguards in favour of third-party assets.