Overview
- The Securities and Exchange Commission opened the regulated sandbox under the Virtual Asset Service Providers Act, 2025 with oversight alongside the Bank of Ghana.
- Eleven companies were admitted, including Africoin, Blu Penguin, Vaulta, XChain, Goldbod, Hyro Exchange, HanyPay, WhiteBit, HSB Global, KoinKoin and Bsystem.
- The program runs for 12 months, with market‑ready participants eligible to begin transitioning to full activity‑based licenses after six months.
- Regulators will monitor operational risks and compliance during live testing, then use the data to publish final licensing guidelines and open applications more broadly.
- Growing local adoption and new market entrants, including an expansion by Blockchain.com, signal strong industry interest in a clearer Ghanaian regulatory pathway.