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From uncertainty to clarity: Ghana draws the line on digital assets

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Ghana has taken a decisive step into the digital future following the passage of the country’s Virtual Asset legislation, a move the Chamber of Digital Assets and Blockchain Innovation (CDABI-GH) describes as historic and confidence-building for investors, innovators and citizens alike.

In a statement issued in Accra, CDABI-GH praised the Bank of Ghana, the Securities and Exchange Commission (SEC) and Parliament for what it called a clear signal to the world that while innovation is welcome in Ghana, responsibility remains non-negotiable.

According to the Chamber, the new law marks a major turning point for the country’s digital economy, transforming what was once a fast-moving and uncertain space into a regulated, credible and investable ecosystem.

It said the legislation sends a strong message that Ghana is open to innovation, safe for investors and protective of its citizens.

CDABI-GH reserved special commendation for the Governor of the Bank of Ghana, the VASP policy and technical teams, as well as the Director-General of the SEC and his staff, describing their work as disciplined, forward-looking and firmly grounded in the national interest.

The Chamber said its collective efforts have brought structure and governance to a complex frontier that demanded clarity.

The Chamber also applauded Parliament for what it described as diligence and statesmanship, noting that lawmakers chose thoughtful regulation over delay and progress over hesitation.

That decision, it said, positions Ghana not as a country chasing digital trends, but one shaping its own digital future.

Describing the law as more than a legal instrument, CDABI-GH said the Virtual Asset Act provides the certainty markets require, the safeguards consumers deserve and the framework regulators need to supervise the sector with confidence. It added that Ghana has now moved from experimentation to institution, and from promise to policy.

As an industry partner, the Chamber reaffirmed its commitment to supporting the Bank of Ghana and the SEC during the implementation phase.

It pledged to promote compliance, build capacity, educate market participants and encourage responsible innovation across the digital asset ecosystem.

According to CDABI-GH, the passage of the law will stand as a defining moment in Ghana’s digital journey, stressing that digital leadership is not accidental but the result of deliberate choice.

With the new framework in place, the Chamber said Ghana has drawn a clear line for the future: innovate boldly, operate responsibly and grow sustainably.

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DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.