The Deputy Director General, Operations at the Securities and Exchange Commission Ghana, Mr. Mensah Thompson has stated that the passage of the bill and introduction by f the virtual assets regulatory sand box aims at unlocking the enormous wealth creation potential of virtual assets for Ghanaians particularly the youth.
Speaking exclusively with Business Outlook Africa, Mr. Mensah Thompson expressed confidence that the new virtual asset regulatory framework has the potential to produce a generation of young Ghanaian millionaires and billionaires that the country is yet to see.
“I said that for several years, we’ve seen a lot of millionaires and billionaires in this country. And we are yet to see millionaires and billionaires under 30 in this country.And I said that virtual asset has the potential to create the next billionaires of this country under the age of even 30. Because of how, you know, enormous this is, and its potential to create wealth.” He stated
Looking ahead, Mr. Mensah Thompson further projected that virtual assets will sit at the centre of Ghana’s economic and financial landscape over the next decade cutting across every sector of the country’s development agenda.
”It’s going to be the anchor of Ghana’s economy and financial system. It’s going to be at the centre of everything we do.Yes. From health to education to infrastructure, everything is going to be at the centre of everything that we do.“ He added
The Deputy Director General further expressed the Commission’s hope that the new framework will serve as a turning point for Ghanaians who have long been excluded from the formal financial system and struggled to access capital hence deepening financial inclusion.
”So, it’s really an exciting time for us and we are really looking forward to making sure that our young people, who for a very long time have been left out in terms of financial inclusion, access to capital, will be able to now be given the tools to now create work for themselves.” He added
The Virtual Asset Service Providers Act, 2025 (Act 1154) was passed into law by Parliament on December 19, 2025, and subsequently received presidential assent on December 30, 2025. This landmark legislation establishes a comprehensive legal and regulatory framework to supervise, license, and register cryptocurrency and virtual asset operations in the country.
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