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.