Bawumia’s gold-backed policy is built on flexibility and digitalisation – Gideon Boako

Instead, he described it as a hybrid model that uses gold to strengthen reserves and provide a liquidity buffer while preserving floating exchange rates and independent monetary policy.“Bawumia’s model uses gold as a backing instrument and liquidity buffer while preserving floating rates and independent monetary policy.

Tano North MP, Gideon Boako, says the Bawumia Doctrine of monetary stability rests on three key principles — flexibility, digitalisation and the strategic use of gold as a reserve and liquidity instrument.