Ghana: Virtual Asset Service Providers Act, 2025 including authorisation requirements was introduced to Parliament

On 13 November 2025, a bill to enact the Virtual Asset Service Providers Act, 2025, which includes authorisation requirements, was introduced to Parliament. The bill would 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. In addition to licensing and registration requirements for various types of providers, the Act prescribes additional authorisation requirements for specific virtual asset services. Specifically, providers must obtain authorisation before issuing or promoting a virtual asset, engaging in securities business, and acquiring, disposing or transferring at least five per cent of shares in a virtual asset service provider.