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Gideon Boako: Bretton Woods is fraying; Ghana has built a bridge

By GhanaSummary Newsroom1 min read
Gideon Boako: Bretton Woods is fraying; Ghana has built a bridge

Bawumia's model uses gold as a backing instrument and liquidity buffer — a 5-15% tranche of reserves and a medium for strategic commodity settlement — while preserving floating rates and independent monetary policy.

If this Bawumia Doctrine of Gold-backed stability is followed stricto sensu, it removes the monetary reason for IMF bailout.

If we combine gold-backed reserves with the fiscal discipline Dr.

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