Gold Coin Not in Competition with GoldBod’s Gold Tablet – BoG Governor
Governor of the Bank of Ghana (BoG), Dr Johnson Asiama, has dismissed assertions that the central bank’s Gold Coin competes directly with the Ghana Gold Board’s (GoldBod) Gold Tablet, stressing that the two products serve different objectives and fall under distinct institutional mandates.
Concerns have been raised over the apparent similarities between the two gold-backed investment products, with calls for collaboration between the Bank of Ghana and GoldBod to jointly market a single product. However, Dr Asiama explained that the initiatives are fundamentally different in purpose.
According to the Governor, the Bank of Ghana’s gold initiatives are policy-driven and designed to support broader macroeconomic objectives rather than commercial considerations.
“BoG’s initiatives are policy-driven and aimed at specific macroeconomic objectives. The Ghana Gold Coin (GGC) was introduced as a policy-backed store of value, designed to deepen financial markets and provide an alternative to traditional asset classes, such as fixed income, equities, and foreign currency holdings,” he said.
Dr Asiama noted that, unlike the GoldBod Gold Tablet—which is marketed with a commercial focus—the Ghana Gold Coin is not positioned as a competing product but rather as a tool for policy innovation and financial stability.
He further explained that the lack of collaboration between the two institutions reflects their differing mandates, with the Bank of Ghana focused on maintaining financial stability and advancing policy-led market development, while GoldBod operates within a commercial framework.
The Governor’s remarks seek to clarify the distinct roles of the two gold-backed products amid growing public debate over their coexistence in Ghana’s evolving investment landscape.
