I strongly believe Ghana should consider tokenizing its gold coins by issuing blockchain based tokens fully backed 1:1 by physical gold held by the state.
This would allow citizens to own fractional gold, increase accessibility, and improve liquidity compared to physical coins. On chain transparency can build trust by clearly showing supply, ownership, and audits of gold reserves.
A regulated, gold-backed token could reduce pressure on the dollar while attracting diaspora and global investors. To succeed, the government must ensure strong legal backing, regular audits, and guaranteed redemption to maintain confidence.
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I strongly believe Ghana should consider tokenizing its gold coins by issuing blockchain based tokens fully backed 1:1 by physical gold held by the state.
This would allow citizens to own fractional gold, increase accessibility, and improve liquidity compared to physical coins.
On chain transparency can build trust by clearly showing supply, ownership, and audits of gold reserves.
A regulated, gold-backed token could reduce pressure on the dollar while attracting diaspora and global investors.
To succeed, the government must ensure strong legal backing, regular audits, and guaranteed redemption to maintain confidence.