By Adnan Adams Mohammed
The Securities and Exchange Commission (SEC) has partnered with the Ghana Gold Board (GoldBod) to pilot innovative financial products, including gold-backed securities and tokenized gold assets.
This collaboration is part of the SEC’s efforts to deepen Ghana’s capital market and promote financial innovation.
Eleven firms have been admitted into the SEC’s regulatory sandbox to test virtual asset and financial technology products under the Virtual Asset Service Providers Act, 2025. The firms include Africoin, Blu Penguin, GoldBod, HanyPay, Hyro Exchange GH Ltd, HSB Global, KoinKoin, Whitebit, Vaulta, XChain, and BSystem Ltd.
The sandbox program will run for 12 months, allowing participating firms to test their services in a controlled environment while the SEC evaluates risks and finalizes licensing rules for the sector. GoldBod will pilot a gold tokenization project through a special purpose vehicle, enabling regulators to test the concept and develop guidelines for tokenized gold assets.
The initiative aims to promote transparency, investor protection, and compliance with anti-money laundering and counter-terrorism financing standards. The SEC will use lessons from the pilot to inform future policy and licensing frameworks for virtual asset services.
