Theoretically, perhaps. You would have to load UAE for Amiga in there, emulating an Amiga (!?!?!), so it would be shite.
My answer is no.
However, you might be able to burn WHD installed games.. Then again, even if possible, a stock CD32, with 2MB of memory, wont be able to play most games.
The answer is no again :/ Now if anybody knows how to do such a thing I'd be delighted to know!