Understanding sGHS Regulatory Compliance with Bank of Ghana: A Comprehensive Guide

sGHS operates under strict regulatory compliance with the Bank of Ghana (BoG) and international AML/CTF standards. This comprehensive guide explores how sGHS maintains regulatory alignment while providing innovative digital currency solutions for Ghana's economy.

sGHS operates within the legal frameworks established by the Bank of Ghana, seeking licensing and undergoing supervision to become a trusted component of Ghana's financial system. Our proactive approach ensures alignment with BoG guidelines for Electronic Money Issuers (EMIs).

sGHS integrates robust Know-Your-Customer (KYC) onboarding and Anti-Money Laundering/Countering the Financing of Terrorism (AML/CFT) safeguards in line with Ghana's existing financial regulations and forthcoming Virtual Asset Service Provider (VASP) framework.

Each sGHS token is backed 1:1 with Ghana cedi reserves held in segregated accounts at licensed Ghanaian financial institutions. Reserves consist solely of cash and short-term Government of Ghana securities, ensuring high liquidity and zero exposure to speculative assets.

• 100% backed by Ghana cedi reserves in segregated accounts
• Independent audits and transparent reporting
• Multisignature governance prevents unilateral control
• Real-time transaction monitoring and AML screening
• Monthly reserve attestations by third-party auditors

sGHS represents a simple but powerful idea: a fully backed, fully compliant, and fully transparent digital form of the Ghana cedi. By anchoring every token to cash and government securities, governed under Ghanaian law, sGHS ensures that trust in the cedi carries seamlessly into the digital economy.