BoG Admits Transika Ltd, 5 Others into Regulatory Sandbox

The Bank of Ghana (BoG) has admitted six entities into its Regulatory Sandbox for twelve months.

The entities engaged are to assist in validating proposed regulatory frameworks around the exchange, custody, administration and issuance of virtual assets.

The six include Transika Ltd, One Africa Securities Ltd, Mansu Technologies Ltd, Payafrione Gh Ltd, Akuna Wallet Ltd and Afrix Paycoin Ltd.

“The Bank of Ghana reserves the right to withdraw its approval of any entity at any time for non-performance or non-compliance with applicable requirements,’ a statement by the Bank highlighted.

This is part of efforts the central bank’s commitment to building an enabling regulatory environment that supports innovation while safeguarding market integrity.

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