Influencers and all crypto advocates have been advised to seek authorisation from the Securities and Exchange Commission (SEC) and the Bank of Ghana (BoG) before engaging in any endorsement, promotion, or investment advice on virtual currencies.
This was disclosed by the Deputy Director-General of the SEC, Mensah Thompson, at the National Virtual Asset Literacy Program organized for Virtual Asset Market Operators.
“The crypto space is very volatile. That is why we have made provisions in the law to regulate advocacy, advertising, and promotion of crypto assets. So, if you’re an influencer and want to operate in that space, you must contact the SEC or BoG, depending on your area of interest for the necessary approvals and guidance,” he stated.
He cautioned that failure to do so will result in sanctions.
According to him, this measure is part of efforts to sanitise the crypto market and ensure responsible promotion of virtual tokens.
“The promotion of cryptocurrencies will be streamlined. No one will be allowed to offer advice on the performance of any crypto coin or virtual asset without authorisation. If you do so, law enforcement agencies will arrest you, and sanctions will apply,” he emphasised.
At the forum, industry players raised concerns about the implementation framework of the bill and called for further engagement to clearly outline the next steps.
In response, Mr. Thompson revealed that a roadmap for the operationalization of the bill will be communicated soon.
“This is one of the most extensively consultative laws Ghana has ever passed. We’ve engaged several players across the value chain. Hopefully, the guidelines will be rolled out soon, even as we wait for the President to assent to the bill,” he added.
The Virtual Asset Service Providers Bill, popularly known as the Crypto Bill, was passed on December 19, 2025, and offers Ghana’s first comprehensive legal framework for digital assets.
According to the BoG and SEC, further public education and literacy sessions will be conducted throughout 2026 before the bill becomes fully operational.
The legislation which is currently waiting presidential assent is expected to play a key role in combating money laundering and promoting responsible innovation in the digital asset space.
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