The 11 crypto platforms approved to participate in Ghana’s regulatory sandbox include Africoin, Blu Penguin, Goldbod, Hanypay, Hyro Exchange, HSB Global, KoinKoin, Whitebits, Vaulta, XChain, and Bsystem.
The sandbox program will run for 12 months, although companies that meet all regulatory requirements may transition to a full license after six months.
Participating platforms must also comply with Anti-Money Laundering (AML) and Counter-Terrorism Financing (CFT) regulations.
The government of Ghana stated that insights from this pilot program will help shape the country’s future regulatory framework for the crypto market.
Under the Virtual Asset Service Providers (VASP) Act, digital asset activities will be supervised by the Securities and Exchange Commission (SEC), and businesses must register or obtain licenses to operate.
In addition to domestic firms, several international companies are expanding into the Ghanaian market. Recently, Blockchain.com announced its expansion into Ghana to help strengthen crypto payment infrastructure across Africa.
According to a report by Chainalysis, crypto transaction value in Sub-Saharan Africa grew by 52% year-over-year, reaching more than $205 billion between July 2024 and June 2025.
Within the region, Nigeria leads in crypto activity, followed by South Africa, Ethiopia, Kenya, and Ghana.
