The Bank of Ghana, in collaboration with the Securities and Exchange Commission (SEC), has launched the National Virtual Asset Literacy Initiative (NaVALI) under the theme “Understand Before You Undertake.”
The initiative seeks to promote public education, consumer protection and regulatory preparedness in the responsible adoption and use of virtual assets.
Speaking at the launch, Governor of the Bank of Ghana, Dr. Johnson Asiama, underscored the importance of collaboration in building awareness across the financial ecosystem.
“At the Bank of Ghana, we acknowledge that effective regulation and enforcement cannot be achieved by regulators alone. The entire ecosystem must be prepared through a sound understanding of virtual asset activities, their implications, and associated risks. This underscores the need for public education, consumer protection, and regulatory preparedness. NaVALI meets this need,” he stated.
Dr. Asiama highlighted the recent enactment of the Virtual Asset Service Providers Act as a milestone in Ghana’s financial sector development. He explained that the Bank of Ghana and SEC are working to establish structures, systems and processes to ensure its operationalisation and to address regulatory gaps and risks.
He emphasised that the launch of NaVALI marks the beginning of a broader effort: “the foundation upon which effective regulation, consumer protection, and sustainable innovation in virtual assets will be built.”
The initiative is expected to serve as a cornerstone for Ghana’s financial sector, equipping citizens and institutions with the knowledge needed to engage responsibly in the evolving virtual asset space.
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