Twelve companies are now testing digital asset products under regulatory supervision in Ghana, as authorities push to build a structured and competitive digital finance ecosystem.
The firms, selected by the Securities and Exchange Commission Ghana, are participating in a newly launched virtual asset sandbox that allows limited rollout of crypto-related services while regulators assess their safety and compliance.
The programme includes a diverse mix of participants spanning crypto exchanges, tokenisation platforms and digital payment systems. Among them is GOLDBOD, which is piloting gold-backed digital assets, as well as firms such as Africoin and Vaulta working on blockchain-based financial infrastructure.
The sandbox forms part of the implementation of the Virtual Asset Service Providers Act, 2025, which provides the legal basis for regulating virtual asset service providers in the country.
Firms admitted into the programme underwent strict vetting, including assessments of governance structures, risk controls, consumer protection measures and anti-money laundering systems. Foreign companies were also required to demonstrate oversight in their home jurisdictions.
During the 12-month testing period, companies must meet detailed reporting and compliance requirements, with regulators retaining the power to impose restrictions or terminate participation if necessary.
At the end of the process, successful firms will be granted licences to operate fully, while others may be required to refine their models or exit the market.
Authorities, including the Bank of Ghana, say the initiative is part of a broader strategy to position Ghana as a regional hub for digital finance, while ensuring that innovation is aligned with transparency, accountability and investor protection.
The outcome of the sandbox is expected to play a key role in shaping the country’s long-term approach to regulating digital assets.
By: Toma Imirhe / businesspostonline
