Bank of Ghana launches NAVALI after VASP Act approval, aiming to improve crypto literacy, reduce risks, and support regulated digital asset adoption.
The Bank of Ghana has launched the National Virtual Assets Literacy Initiative, known as NAVALI, to improve crypto literacy nationwide. The move comes after Parliamentary approved the Virtual Asset Service Providers Act 1154, which formally regulates cryptocurrency activities across Ghana.
NAVALI Aims to Educate Citizens Under New Crypto Law
NAVALI is focused on public education in a regulated digital asset phase in Ghana. The initiative is in response to the increasing use of cryptocurrencies and the increased exposure to market risks. According to Bank of Ghana data, there were 32% more crypto-related complaints between 2023 and 2025.
Therefore, NAVALI addresses the threats of misinformation, fraud risks and speculative behavior. The program focuses on knowledge of digital assets before participating in it. Officials said that education is also a complementary part of enforcement for safer adoption across the retail and institutional segments.
Moreover, the initiative appears to be supportive of consumer protection efforts under the new VASP Act. Act 1154 includes exchanges, wallet providers, and blockchain companies to the formal financial system. Previously, crypto activity was conducted in legal uncertainty for a number of years.
As a result, NAVALI explains licensing requirements, compliance standards and user responsibilities. Educational materials are provided on cryptocurrencies, stablecoins and blockchain-based financial services. The Bank’s focus is on reaching universities, businesses and community groups across the country.
Governor Dr. Johnson Pandit Asiama emphasised on education for building trust. He remarked that laws could not prevent misuse without public understanding. As a result, NAVALI utilizes the use of workshops, media campaigns, and digital content delivery.
New Regulatory Framework Reshapes Ghana’s Crypto Market
The VASP Act creates clear oversight responsibilities for digital asset service providers. It requires registration, capital requirements and constant supervision. Bank of Ghana confirmed that the licensing guidelines will come out before the end of Q1 2026.
In addition, the Act resulted in the establishment of Virtual Assets Regulatory Office or VARO. VARO will monitor the market conduct, prevent illicit activity and coordinate enforcement actions. This structure brings Ghana on line with global regulatory standards.
According to parliamentary records, the number of Ghana crypto users passed 3,000,000 by late 2025. Transaction volumes were estimated at more than $3,200,000,000 per year. These statistics amplified the need for organized regulation and public literacy.
Therefore, NAVALI divides learners into four groups, such as those who are beginning and financial workers. Each group is given individual advice depending on exposure levels. This is an approach to mitigate the losses in retail during high volatility times.
Furthermore, officials expect NAVALI’s support of financial inclusion goals. Blockchain technology may enhance cross-border payments and access for small business. However, authorities emphasize that benefits have to be dependent on informed participation and compliance.
In conclusion, NAVALI is a concerted effort to address the changing crypto environment in Ghana. By combining crypto literacy and regulation, the Bank of Ghana aims at stability, transparency and long-term confidence in the markets.