Ghana: Bank of Ghana and Securities and Exchange Commission adopted joint notice on unauthorised mass advertising of virtual asset and stablecoin products

On 20 February 2026, the Bank of Ghana and the Securities and Exchange Commission (SEC) issued a joint notice directing Virtual Asset Service Providers (VASPs) to cease the unauthorised mass advertising of virtual asset and stablecoin products. The notice applies to all VASPs, including those operating within regulatory sandboxes, and clarifies that virtual asset advocacy is a regulated activity under the Virtual Asset Service Providers Act, 2025, which requires registration. Under the notice, VASPs are required to remove existing billboards and public advertisements within 48 hours of issuance or face potential sanctions. The authorities have indicated that further rules regarding advocacy and advertising will be issued in due course.