Ghana Expands Crypto Regulatory Sandbox to 20 Firms Ahead of Licensing Reforms

Ghana's Securities and Exchange Commission (SEC Ghana) has expanded its virtual asset regulatory sandbox to 20 firms, up from 11 when it launched in March 2026.

The SEC added nine companies to the updated list published on August 19 2026, which now includes crypto trading, brokerage, tokenisation, trade finance, and commodities markets.

The 20 participants include Yellow Card Ghana, one of Africa's largest crypto platforms, GFX Brokers testing tokenised Treasury bills, One Africa Securities focused on tokenised bonds, and WeWire Ghana testing trade-finance tokenisation.

Ghana is preparing to move from its sandbox-based approach toward permanent, activity-based licensing under the Virtual Asset Service Providers Act, 2025 (Act 1154).