Is it true that BoG has only one off-taker?

Answer: No.

a. Before 2025, the BoG had only one Off-taker (international buyer) for its ASM G4R programme, a company known as Alphastream.

b. In 2025, the BoG liberalised the off-taker space and has so far signed off-taker agreements with seven (7) companies, namely: Sovereign Metals/ Pinnacle IFZCO, Vintage Bullion, IFC, Gold Saddle, WellGold, Chrispod and Metal 7.

c. Through the GoldBod, the BoG exports gold to at least four (4) of these off-takers every week. The claim that the BoG has only one off-taker is completely false.