Dr Johnson Asiam is the Governor of the Bank of Ghana
The Governor of the Bank of Ghana, Dr Johnson Asiama, has announced that the Virtual Asset Service Providers (VASP) Act has officially been passed into law, establishing a formal regulatory framework to oversee and protect digital asset activities in Ghana.
He explained that the passage of the Act provides a clear regulatory perimeter for virtual asset operations in the country.
The next phase, he noted, will focus on operationalizing the law to ensure its effective and smooth implementation.
Speaking at the Post-MPC Engagement with Heads of Banks on February 18, 2026, Dr.= Asiama stressed that banks will remain integral players in the evolving digital asset landscape and will not be sidelined as the sector develops.
Virtual Asset Service Providers bill signed into law to regulate crypto in Ghana
He noted that virtual assets will interface with the traditional banking system through settlement accounts, custody services, compliance frameworks, and payment channels.
“Banks are not observers in this space. Virtual assets will interact with the banking system through settlement accounts, custody arrangements, compliance infrastructure, and payment channels,” he said.
He therefore urged financial institutions to strengthen their capabilities in digital asset risk management, transaction monitoring, and technology governance to ensure responsible participation in the sector.
“We are not creating a parallel financial system; we are extending the perimeter of the existing one,” he added.
Dr Asiama also announced that the Central Bank has inaugurated Steering and Technical Committees to encourage more banks to list on the Ghana Stock Exchange.
This, he explained, is intended to propel commercial banks and strengthen their liquidity assets.
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Source:
www.ghanaweb.com