Mobile money is everywhere in Ghana. And now, crypto wants in on that infrastructure too.
Foreign Players Circle As Local Framework Takes ShapeThe 11 companies admitted to the program are Africoin, Blu Penguin, Goldbod, Hanypay, Hyro Exchange, HSB Global, KoinKoin, Whitebits, Vaulta, XChain, and Bsystem.
They will operate under the Virtual Asset Service Providers Act, a law Ghana passed in December that gave the SEC authority over digital asset activity in the country.
Ghana’s SEC just gave crypto builders the green light 
That is a tight window. Participants must also comply with anti-money laundering rules and counter-terrorism financing standards — requirements the SEC made clear are not optional.
Consumer protection is built into the program’s design, and officials said the lessons gathered during the pilot will directly shape how Ghana regulates crypto going forward.
The VASP law requires anyone operating in the digital asset space to obtain a license or register with either the Bank of Ghana or the SEC. No registration, no operation.
The entire region saw crypto inflows climb over 50% year-on-year, reaching more than $200 billion between July 2024 and June 2025, data from blockchain analytics firm Chainalysis shows. Nigeria led that surge with over $90 billion received in that period.
Most transactions across the region fall under $1,000 — a pattern that reflects everyday use rather than large institutional moves.
Stablecoins have become a primary tool for cross-border payments and a hedge against local currency swings.
Featured image from Pexels, chart from TradingView
