Ghana: Parliament adopted Virtual Asset Service Providers Act, 2025 including fair marketing requirements

On 12 December 2025, Parliament adopted the Virtual Asset Service Providers Act, 2025, which includes fair marketing 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. Section 28 of the Act requires service providers to ensure the accuracy of disclosures, advertising material, and communications with clients or the public. According to section 35(2), providers who knowingly make misleading representations about themselves or their services can be subject to monetary and custodial penalties. Providers issuing a new virtual asset must also comply with public disclosure requirements by publishing a White Paper prior to issuing the asset, and publishing and maintaining a Risk Disclosure Statement. Virtual asset trading platforms must ensure that virtual assets on the platform are not traded in a deceptive or fraudulent fashion.