The 21st Century Gold Standard was piloted in Ghana under Bawumia – Gideon Boako

“The 21st Century Gold Standard was piloted in Ghana under Bawumia,” Dr Boako said, pointing to the increase in Ghana’s gold reserves from about eight tonnes to more than 31 tonnes.

According to Dr Boako, Ghana’s Domestic Gold Purchase Programme and Gold-for-Oil initiative demonstrated that gold could be deployed as a modern monetary and reserve-management instrument without returning to the rigid gold standard of the 20th century.

Tano North MP, Gideon Boako, says the 21st Century Gold Standard was piloted in Ghana under the leadership of former Vice President Dr Mahamudu Bawumia.