"Bank of Ghana, Digital Assets Chamber Discuss Collaboration on Virtual Asset Regulations"

Bank of Ghana, Digital Assets Chamber Discuss Collaboration on Virtual Asset Regulations

The Chamber of Digital Assets and Blockchain Innovation Ghana (CDABI-GH) has paid a courtesy call on the Governor of the Bank of Ghana (BoG), Dr Johnson Asiama, to discuss the central bank’s ongoing efforts at developing a comprehensive regulatory framework for virtual assets.

The meeting, held on Wednesday, July 9, 2025, at the Bank’s headquarters, also provided an opportunity for both institutions to explore potential areas of collaboration to support innovation while safeguarding the financial system.

Governor Asiama, while welcoming the Chamber’s delegation, congratulated its leadership on the formal establishment of the Chamber and reaffirmed the Bank’s openness to engaging with stakeholders within the virtual asset space.

“We are committed to developing a regulatory framework that is inclusive, forward-looking, and reflective of the needs of all stakeholders,” Dr Asiama remarked, adding that the Bank would ensure that industry views are incorporated into policy design and implementation.

The central bank used the opportunity to outline key pillars of its upcoming regulatory programme, including the registration of Virtual Asset Service Providers (VASPs), the operationalisation of a limited regulatory sandbox, and public consultations on a draft Bill to govern the sector.

The BoG further indicated that it intends to complete stakeholder consultations and finalise the virtual assets regulatory framework by the end of the third quarter of 2025.

In response, the Chamber commended the Bank’s approach to inclusive engagement and pledged its support for the Bank’s initiatives.

“We are fully aligned with the goal of fostering a secure and resilient digital asset ecosystem,” said a representative of the Chamber, noting the Chamber’s commitment to ethical conduct and regulatory compliance.

The meeting signals growing collaboration between regulators and the digital finance ecosystem in Ghana, as the country works to balance innovation with financial system integrity.