National Virtual Assets Literacy Initiative to Drive Ghana’s Digital Financial Transformation – Prof. Danso
Professor Humphrey Danso, Dean of the School of Graduate Studies at the University of Skill Training and Entrepreneurial Development (USTED), has described the launch of the National Virtual Assets Literacy Initiative (NaVALI) is a great opportunity for Ghana to accelerate its economy and digital transformation,
Understand Before You Undertake.
According to Prof. Danso, the initiative will help strengthen consumer protection, financial integrity and public confidence as virtual assets become increasingly relevant to the global financial system.
The NaVALI programme is designed to educate Ghanaians about the avenues and risks associated with virtual assets while encouraging participation through licensed and regulated channels.
Prof. Danso said the initiative would provide citizens with the knowledge and skills needed to make informed decisions in an increasingly digital financial environment like Ghana.
He noted that people should be able to decide whether to take part in virtual assets based on adequate knowledge and skills rather than misinformation or misunderstanding.
The professor also emphasized the important role of universities in preparing student for the changing digital economy.
He said tertiary institutions must go beyond producing graduates and help develop digitally responsible citizens capable of contributing meaningfully to Ghana’s Fourth Industrial Revolution.
Fintech reshaping key sectors
Prof. Danso noted that financial technology was already changing several sectors of the economy, including banking, payments, insurance, agriculture, logistics and manufacturing.
He expressed confidence that students graduating into this changing environment would need digital and financial knowledge to take advantage of emerging opportunities while managing associated risks.
Bank of Ghana backs initiative
Owureku Asare, Director of the Fintech and Innovation Department at the Bank of Ghana, described NaVALI as a major programme demonstrating Ghana’s commitment to a responsible and forward looking approach to virtual asset regulation and use.
He said legislation alone would not be enough to create a safe virtual asset ecosystem, emphasizing that the need for citizens to understand the financial ecosystem in which they operate.
Mr Asare said educating students, entrepreneurs and businesses could help shape the economy in the next generation while promoting greater public awareness of virtual assets.
He urged Ghanaians to support effective policy development and implementation of the initiative, saying greater public understanding would contribute to a more resilient financial ecosystem.
Securities Exchange Commission highlights opportunities and risks
Mensah Thompson, Deputy Director at the Securities and Exchange Commission, said virtual asset transactions can take place quickly and therefore require a strong culture of trust, accountability and informed decision making.
He emphasized the need for transparency and proper regulation to reduce unnecessary risks associated with virtual assets.
According to him, a well-regulated virtual asset sector could also create avenues for decent, high-value employment while contributing to the development of Ghana’s capital market.
He called on traditional and community leaders to support public education efforts surrounding virtual assets.
The launch of National Virtual Assets Literacy Initiative therefore marks another step toward improving financial literacy as Ghana’s digital economy continues to evolve. Its success will depend not only on regulation but also on ensuring that citizens have the knowledge and skills needed to participate safely and responsibly.
Source: gna
