BoG to engage industry actors in operationalising virtual asset law

From a risk perspective, Felix Kesseh, a Manager in EY Ghana’s Risk Consulting practice, cautioned that institutions should not treat virtual assets as “business as usual,” and emphasised the need for enhanced risk management and control frameworks, particularly in relation to virtual asset transactions, third-party relationships, and emerging financial crime risks.

Understanding virtual assets and Ghana’s emerging regulatory frameworkVirtual assets refer broadly to digital financial instruments such as cryptocurrencies, stablecoins, tokenised assets and blockchain-based financial solutions used for payments, investments and cross-border transactions.

Similarly, Elikplim Kitsikpui, Lead Digital Technology Consultant at EY Ghana, highlighted that regulation strengthens trust and operational confidence within Ghana’s virtual asset landscape.