The Member of Parliament for Builsa South and member of the Public Accounts Committee has raised issues with the government’s gold for oil policy.
Dr. Clement Apaak believes the policy lacks transparency, and clarity and could be a possible avenue for corruption.
The issues the MP raised come after Vice President Dr. Mahamudu Bawumia attributed the recent drop in fuel prices to the policy.
Some experts at the African Center for Energy Policy (ACEP) have insisted that the recent drop in fuel prices is due to a global drop in crude oil prices and not the policy.
The energy think tank opined that the drop cannot be attributed to the government’s Gold for Oil policy.
At the commissioning of a new office complex for BOST, Vice President Dr. Mahamudu Bawumia claimed that the Gold for Oil policy has resulted in significant price reductions at the pump, much to the relief of motorists.
However, ACEP Executive Director, Benjamin Boakye believes the government should not take credit for the reduction.
“If you are really analysing how the pricing mechanics work, you would note that it has nothing to do with gold for oil policy. We are seeing prices on the international market drop. Indications are that, it is even going to drop further.”
But Dr. Clement Apaak refuted the Vice President’s claim.
He is therefore wondering if we could witness a similar incident where some persons working at the Jubilee House got involved in galamsey but have been left unpunished.
He said the way the Vice President is touting this policy raises fundamental questions especially when some government officials are benefitting from the policy.
He tweeted that just as some party officials told Ghanaians that the party needed money for the campaign and allowed galamsey to fester, we could witness a situation where the gold for oil policy would be used to fleece the state.
He is wondering if the issue of galamsey allegedly involving some Jubilee House officials as alleged by Dr. Frimpong-Boateng is meant to gather more gold for the policy.
“Share with Veep Bawumia. Thinking aloud folks, could there be a nexus between his creation, the opaque ‘Gold for Oil’ scheme, and the active involvement of Gov’t appointees, Jubilee House, and NPP officials in galamsey as alleged by Prof. Boateng, Establishment Candidate hia sika!”