The presidential candidate of the National Democratic Congress (NDC) has announced that a new administration under his watch will investigate the government’s gold-for-oil policy if he is elected president.
He asserted that the deal lacks transparency and warrants a thorough investigation.
Speaking at the 3rd Annual Transformational Dialogue on Small-scale Mining at the University of Energy and Natural Resources (UENR) in Sunyani, she said the deal would be investigated.
The government introduced the gold-for-oil deal in 2021 to address the cedi depreciation and the hike in fuel prices.
But Mr. Mahama believes some individuals are benefiting from the deal and creating debt for the country.
“We will investigate the opaque gold for oil programme and expose the actors benefiting from this so-called barter agreement. Reports reaching me suggest that a new debt burden is being created because Ghana has not been able to keep up with its delivery of gold under the programme.”
By: Rainbowradioonline.com/Ghana
