Ghana Gold Board proposes gold tokenisation for capital growth 2026
The Ghana Gold Board (GoldBod) has advocated for gold tokenisation to enhance capital formation and provide wider investment access for Ghanaians. This initiative, highlighted at the 2026 Money Summit, would allow individuals to own small fractions of gold through digital tokens, potentially starting with investments as low as GHS 15. GoldBod projects this will support wealth creation, domestic capital mobilisation, and further formalise the small-scale mining sector.
The Ghana Gold Board (GoldBod) advocates for gold tokenisation to boost capital formation, expand investment options, and maintain Ghana's economic stability. Dr. George Baah Danquah, GoldBod’s Director of Finance, unveiled this plan at the 2026 Money Summit. This initiative seeks to allow Ghanaians to acquire fractional gold ownership through digital tokens.
This new approach would make gold accessible to a broader population segment. It aims to foster wealth creation and mobilise domestic capital. Individuals could purchase gold in small amounts, with initial investments potentially as low as GHS 15. This move aligns with GoldBod's mandate to formalise the artisanal and small-scale mining (ASM) sector, improving accountability and foreign exchange earnings.
Ghana's gold exports increased significantly from about 63.8 tonnes in 2024 to nearly 104 tonnes in 2025. The ASM sector alone contributed almost half of these total exports. This growth has boosted Ghana's foreign exchange earnings. However, Ghana loses significant value by not refining its gold locally.
Dr. Danquah from GoldBod highlighted the government's goal to refine all gold locally by 2030. This objective intends to increase value addition, create jobs, and enhance earnings from the gold sector. GoldBod operates under Act 1140, focusing on bringing more gold production into the formal economy.
Ghana has established a framework for developing tokenised gold products. The recently enacted Virtual Asset Act and the Securities and Exchange Commission’s (SEC) regulatory sandbox support this. This regulatory environment allows for the creation of new financial services based on digital assets.
GoldBod also promotes gold-backed securities and other asset-backed financial products. These instruments could lower borrowing costs and reduce credit risk. They would also expand access to finance for businesses and individuals. This can enhance investor confidence and drive long-term economic growth.
For this initiative to succeed, stronger collaboration is essential. Regulators, financial institutions, and industry players must work together. GoldBod encourages Ghanaians to participate in the emerging gold-tokenisation ecosystem. This collective effort is crucial for the successful implementation of the programme.
Source: StatsGH — Ghana's data-driven news platform