While no date has been given for the launch of a digital cedi, the deputy governor said its success would determine the next steps.
The sandbox will target a wide range of financial service innovations and hopes to improve financial inclusion.
Telokanda, a collaboration between Telos and open-source weather tech company Kanda in West Africa hopes to engage local communities in collecting and sharing weather data on the Telos public blockchain.
Ghana is joining the ranks of nations eyeing the launch of a central bank digital currency, and is already in talks over a pilot project.
IT solutions firm Ghana Dot Com has launched a bitcoin mining facility it claims is the first in Africa.
Ghana-based startup Beam plans to disrupt the local remittance market using the low cost, speed and convenience of bitcoin.
The Sierra Leone Liberty Group has used bitcoin donations to combt Ebola, but says the fight is not over.