2 entries.
SEC Ghana admitted Africoin, a Kigali-headquartered, Ethereum-based platform tokenizing cocoa, coffee, gold, silver and verified carbon credits, to its Virtual Asset Sandbox under Act 1154. It is the first documented sandbox participant, which matters more than the participant itself: Ghana's regulatory pathway is now operational rather than theoretical, and its 12-month sandbox term with a mid-term review at six months is a faster route to licensing than anything currently available in Kenya or Nigeria. Africoin says it is pursuing parallel approvals in several African countries, an early sighting of the multi-jurisdiction tokenization play the continent's new VASP laws will now have to accommodate.
Ghana's Virtual Asset Service Providers Act (Act 1154) passed Parliament on 19 December 2025 and received presidential assent on 30 December, making it the third African standalone digital asset statute enacted in the October to December 2025 quarter, after Kenya and Nigeria. Africa's earlier standalone regimes include Mauritius (VAITOS Act 2021), Botswana (2022), Namibia (2023) and Seychelles (2024), so this is a claim about the pace of that quarter, not about being third on the continent. The model is co-regulatory: Bank of Ghana supervises the monetary and payments dimension, SEC Ghana the securities dimension. Licensing is mandatory for all VASPs, AML obligations attach, and crypto influencers reportedly fall within the licensing net. The target is an estimated $3 billion informal market involving roughly 17% of Ghanaian adults. BoG's supervisory rules were slated to roll out in phases through 2026.
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