Dr. Johnson Asiama (M) with some stakeholders
The Bank of Ghana (BoG), in collaboration with the Securities and Exchange Commission (SEC), has launched the National Virtual Asset Literacy Initiative dubbed ‘NaVALI’ to strengthen institutional capacity for the regulation of virtual assets.
The initiative is also expected to promote awareness of the risks and implications of virtual assets, to discourage uninformed usage and risky adoption particularly blockchain, to support effective regulation, supervision, and policy formulation.
Speaking at the launch in Accra, the Governor of the Bank of Ghana (BoG), Dr. Johnson Asiama said regulators designated under the Act, are currently focused on establishing the requisite structures, systems, and processes to ensure the timely and orderly operationalisation to address regulatory gaps and risks.
He said, “It is a landmark programme that signals Ghana’s deliberate, responsible, and forward-looking approach to the regulation and use of virtual asset. NaVALI has been designed precisely to meet this need.”
Dr. Asiama mentioned that the Bank of Ghana acknowledges that effective regulation and enforcement could not be achieved by regulators alone.
The Governor noted that the entire ecosystem must therefore be adequately prepared through a sound understanding of virtual asset activities, their implications, and associated risks.
He said there is an urgent need for public education, consumer protection, and regulatory preparedness.
“The launch of NaVALI is not an end, but a beginning. It is the foundation upon which effective regulation, consumer protection, and sustainable innovation in virtual assets will be built,” Dr. Asiama added.
In a related development, the Bank of Ghana has also admitted the six entities into the Regulatory Sandbox for one year.
The entities are Transika Ltd, One Africa Securities Ltd, Mansu Technologies Ltd, Payafrione Gh. Ltd, Akuna Wallet Ltd, and Afrix Paycoin Ltd.
In a statement issued by the Bank on Thursday January 22, 2026 said the admission of the entities is in line with its commitment to building an enabling regulatory environment that supports innovation while safeguarding market integrity.
According to the Central Bank, the entities engaged are to assist in validating proposed regulatory frameworks around the exchange, custody, administration and issuance of virtual assets.
It further said the Bank of Ghana reserves the right to withdraw its approval of any entity at any time for non-performance or non-compliance with applicable requirements.
By Ebenezer K. Amponsah