HanyPay Strengthens Governance with New Board, Pledges Compliance and Innovation Across Africa

By Christian Ahodie Yaw

HanyPay Ghana Ltd has officially inaugurated and sworn in its eleven-member Board of Directors, marking a significant milestone in the company’s quest to become one of Africa’s leading and most compliant digital financial institutions.
The Board is made up of four women and seven men of high professional standing and diverse expertise.
Speaking at the ceremony, Founder and Chairman of HanyPay, H.E. Amb. Prof. Hugh Ayee, reaffirmed the company’s commitment to innovation, regulatory compliance, transparency, and responsible growth within the digital asset and virtual financial services sector.
The swearing-in ceremony was conducted by Her Ladyship Justice Patricia Quansah, a Justice of the High Court, whose presence underscored the growing importance of governance, accountability, and institutional credibility in Ghana’s evolving digital financial ecosystem.
Prof. Ayee expressed gratitude to the Securities and Exchange Commission (SEC) of Ghana for admitting HanyPay into its Regulatory Sandbox Programme, describing the move as a strong endorsement of the company’s innovative solutions and commitment to operating within established regulatory frameworks.
According to him, HanyPay’s flagship innovations under the Sandbox Programme include a Utility Payment Settlement System that enables users to pay for goods and services through the company’s utility token ecosystem.
He further noted that the company has developed secure Peer-to-Peer (P2P) and Business-to-Business (B2B) platforms that allow individuals, merchants, and institutions to conduct seamless transactions within a regulated digital environment.
Prof. Ayee also highlighted HanyMarket, the company’s digital marketplace designed to facilitate e-commerce and trade across Africa. He stated that the platform currently operates in 54 African countries, with HanyPay’s utility token serving as a key payment instrument to enhance commerce, accessibility, and financial inclusion.
“As we expand within the Virtual Asset Service Provider space, governance and compliance must remain at the heart of everything we do,” Prof. Ayee stated.
He explained that the newly inaugurated Board comprises distinguished professionals with expertise spanning academia, law, banking, accounting, auditing, governance, technology, business leadership, and financial services.
According to him, the Board’s primary responsibility will be to provide strategic oversight, strengthen the company’s compliance culture, ensure accountability, and support HanyPay’s vision of becoming a trusted digital finance institution in Africa and beyond.
Prof. Ayee assured regulators, investors, and stakeholders that HanyPay remains committed to maintaining the highest standards of corporate governance, consumer protection, integrity, risk management, and responsible innovation.
He also acknowledged the support of regulatory bodies, financial institutions, the legal fraternity, academia, traditional authorities, development partners, corporate organizations, and the media for their continued support of the company’s vision.
Addressing the newly sworn-in Board members, Prof. Ayee thanked them for accepting the responsibility and expressed confidence that their collective expertise would help drive the company’s long-term growth and credibility.
“Together, we shall build a secure, inclusive, innovative, and globally respected digital financial ecosystem that empowers people, businesses, and communities across Africa,” he said.
The inauguration of the Board is expected to strengthen HanyPay’s governance structure and strategic direction as the company continues to expand its footprint within Africa’s growing digital finance and virtual asset industry.
Board Chairman’s Remarks
Board Chairman, Daniel Glover, highlighted the significance of HanyPay’s admission into the SEC Regulatory Sandbox, describing it as a strong endorsement of the company’s commitment to innovation, compliance, and responsible financial technology development.
According to him, participation in the Regulatory Sandbox Programme is more than a regulatory requirement; it represents a vote of confidence in HanyPay’s business model, governance structures, and commitment to operating with integrity.
“The SEC Sandbox is not simply a regulatory framework. It is a vote of confidence—a recognition that HanyPay Ghana Ltd represents the kind of innovative, responsible fintech that Ghana’s financial ecosystem needs,” he stated.
He stressed that board members have a responsibility to uphold the highest standards of financial governance, transparency, and consumer protection as the company expands its operations.
The Chairman further noted that regulatory oversight should be viewed as a source of credibility rather than a limitation, adding that it sends a positive signal to investors, partners, and customers that HanyPay operates within a framework built on trust and accountability.
Welcoming the newly inaugurated board members, he expressed confidence in the company’s future, citing a strong foundation, regulatory backing, and significant opportunities ahead.
The inauguration comes at a time when the Securities and Exchange Commission (SEC) of Ghana has admitted HanyPay and ten other Virtual Asset Service Providers (VASPs) into its Regulatory Sandbox Programme to pilot innovative digital asset services under regulatory supervision. The initiative aims to promote responsible innovation while strengthening investor protection and market integrity.
The Chairman concluded by urging the Board to build an institution worthy of the confidence reposed in it by regulators, investors, and stakeholders.
“Let us build something worthy of the confidence that has been placed in us,” he said.
The newly inaugurated Board of HanyPay Ghana was officially sworn in at a ceremony held at Tema Community 5. The eleven-member Board, comprising four women and seven men, is expected to provide strategic leadership and strengthen corporate governance as the company advances its vision of becoming a leading digital financial institution across Africa.