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

On 12 December 2025, Parliament adopted the Virtual Asset Service Providers Act, 2025, which includes authorisation 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. 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.