The Bank of Ghana (BoG) is developing a dedicated regulatory directive to govern stablecoin operations in the country as part of efforts to strengthen oversight of the growing virtual asset sector.
Governor of the Bank of Ghana, Dr Johnson Asiama, said the proposed directive would establish clear requirements for stablecoin activities and provide guidance on the operations permitted under Ghana’s emerging virtual asset regulatory framework.
He made the announcement at the African Virtual Assets Summit (AVAS) 2026 in Accra on Monday, November 2.
“Stablecoins are a priority within this framework indeed, and the Bank of Ghana is currently developing a stablecoin directive, and this is to set clear requirements for stablecoin activities in Ghana while providing clarity for any permitted activities,” he said.
Dr Asiama explained that the central bank was collaborating with the Securities and Exchange Commission (SEC) and the Financial Intelligence Centre (FIC) to develop the necessary regulations and supervisory arrangements for the sector.
The move follows the passage of the Virtual Asset Service Providers Act, 2025 (Act 1154), which provides a legal framework for virtual asset activities in Ghana and assigns regulatory responsibilities to the Bank of Ghana and the SEC.
He noted that the establishment of the Virtual Assets Coordinating Committee would further strengthen cooperation among relevant public institutions as the country works towards implementing its regulatory framework.
The BoG Governor stressed that the increasing use of digital financial products makes it necessary to introduce safeguards that protect consumers and investors, promote financial integrity and maintain confidence in the financial system.
According to him, regulatory measures must also take into account the different levels of risk associated with virtual asset activities.
“Not all virtual asset activities present the same risks, and our approach must reflect their nature, their scale and complexity,” he said.
Dr Asiama added that regulation should not become a barrier to innovation but should instead create a trusted environment where responsible businesses and investors can operate with confidence.
