BoG and SEC roll out Ashanti NaVALI initiative to drive responsible virtual asset adoption
The Bank of Ghana (BoG) and the Securities and Exchange Commission (SEC) launched the Ashanti Regional phase of the National Virtual Asset Literacy Initiative (NaVALI) to promote responsible adoption of virtual assets and strengthen consumer protection in Ghana's growing digital finance sector. The initiative follows the enactment of the Virtual Asset Service Providers Act, 2025 (Act 1154), which provides a regulatory framework for virtual asset activities in Ghana. The Ashanti Regional launch was held at the University of Skills Training and Entrepreneurial Development (USTED) under the theme "Understand Before You Undertake."
NaVALI is a collaborative initiative led by the BoG in partnership with the SEC, academia, and key industry stakeholders. It focuses on strengthening institutional capacity to regulate and supervise virtual assets and enabling technologies such as blockchain, while also increasing public awareness of the risks and implications of virtual assets. Elhanan Owureku Asare, Head of the Fintech and Innovation Department at the BoG, stated that regulators were putting in place the necessary structures, systems, and processes to ensure the timely and orderly implementation of the new law. He added that NaVALI was designed to place education and public awareness at the center of Ghana's digital finance regulatory framework, seeking to equip consumers, industry players, and public institutions with the knowledge needed to make informed decisions and avoid risky or uninformed participation in the virtual asset sector.
Quick Summary
The Bank of Ghana (BoG) and the Securities and Exchange Commission (SEC) have launched the Ashanti Regional phase of the National Virtual Asset
Summary - read the full story for complete context.
Image: Adom Online
GhanaFront aggregates news from trusted sources. Click to read the original article.
Keywords
Explore related tagsMore from Adom Online
Related Stories
More from Business & Economy
Breakdown of bribes former TOR MD paid to Ghanaian officials to secure energy deal for Turkish firm
Uncover the alleged financial trail that underpinned a major energy deal in Ghana-what secrets do the court documents hold?
3h ago•2 min read
NAFCO expands Northern Region warehouses to boost food reserves
NAFCO's latest efforts to enhance food security in Ghana could have far-reaching implications for the nation's strategic reserves.
8h ago•2 min read
Poor formalisation of small-scale mining worsened galamsey crisis - GoldBod CEO
The CEO of GoldBod has shed light on the historical factors contributing to Ghana's galamsey crisis, raising questions about past government
9h ago•2 min read
Trump unveils trade actions to compete with China on solar and chips
Discover how new U.S. trade policies could reshape the global landscape for solar and chip manufacturing.
11h ago•3 min read
