Ghana now licenses virtual asset service providers. Here is what Act 1154 means for you.

Ghana now licenses virtual asset service providers. The Virtual Asset Service Providers Act, 2025 (Act 1154) brings exchanges, wallet providers, stablecoin issuers and tokenisation services into the perimeter.

A new department at the Bank of Ghana supervises the activity. If you run an exchange, a wallet, a stablecoin issuance or a tokenisation service, or you intend to, the Act is aimed at you.

The work is to map what you actually do to the statute, then decide the licence pathway. Product labels do not decide this. The activity does. An entity that holds customer assets, issues a stablecoin or tokenises an instrument is inside the perimeter even if it describes itself as software.

Foreign companies and diaspora operators still need a Ghana entity that can hold the licence. That is ordinary market entry from Accra: incorporation, GIPA where it applies, then the sector filing. VASP licensing sits in our fintech practice, next to cross-border payments and capital raising.

If you are already operating, start with the map. If you are not, design the activity so the Bank of Ghana filing is part of the build, not a surprise at the end.