The Ghana Stock Exchange (GSE) is assessing tokenisation and other emerging technologies as it considers ways to modernise the issuance, trading and settlement of investments. GSE Managing Director Abena Amoah announced the plans at the Africa Virtual Asset Summit (AVAS) 2026 in Accra on Monday, November 2. She said the Exchange was working with regulators and technology partners, while studying developments in international markets, to identify digital solutions that could widen access to the market, improve operational efficiency and strengthen investor confidence. The proposed approach covers more than the creation and trading of digital assets. It also includes the infrastructure needed for clearing and settlement once transactions have been completed. Tokenisation involves creating digital representations of assets on programmable platforms. It can be used for financial instruments, including securities, as well as physical assets. A report from the Bank for International Settlements and its Committee on Payments and Market Infrastructures says the technology could connect multiple stages in an asset’s lifecycle. Ghana is already examining some of these uses through the Securities and Exchange Commission’s virtual asset sandbox. The scheme permits selected providers to run pilot projects under regulatory supervision. In a public notice published on August 19, the SEC named 20 participants and described the activities being tested. AFRICOIN Ghana Limited is conducting a gold tokenisation pilot, while GFX Brokers Limited is focusing on Treasury bill tokenisation. One Africa Securities Limited is exploring bonds and WeWire Ghana Limited is working on trade finance. The Commission said the pilots would provide evidence to help shape activity-specific licensing and registration requirements. It stressed that the scheme was a supervised testing process, rather than broad approval for commercial operations. Digital investment systems could make it more efficient for businesses and investors to issue, hold and transfer assets. However, the BIS report said those advantages would depend on effective governance and strong risk-management arrangements. Ms Amoah said the development of new technology would not reduce the GSE’s duty to protect investors. “The token may be new, but our obligation to the investor is not,” she said. She also identified artificial intelligence as a possible aid to market surveillance, but said its use would need to be supported by human accountability and adequate cybersecurity safeguards. Regulatory supervision is expected to determine how the proposed systems are introduced into Ghana’s financial market. Bank of Ghana Governor Dr Johnson Pandit Asiama, speaking at the summit, said the effectiveness of the Virtual Asset Service Providers Act, 2025 (Act 1154), would depend largely on its implementation and enforcement. He said protecting customer assets and preserving financial integrity would be central to building public confidence in Ghana’s virtual asset sector.