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Gold-for-oil policy critics bleeding over success– Bawumia

by Emmanuella Asare
March 16, 2023
Gold-for-oil policy critics bleeding over success– Bawumia
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Vice President Dr. Mahamudu Bawumia has thrown shade at political opponents who were skeptical of the gold-for-oil policy’s effectiveness.

The Vice President stated that those who questioned the policy are now bleeding because the approach is working.

“There are people who are very disappointed that it is working, but bleeding is allowed. They have an impossibility mindset, and they can keep to it. For us all, things are possible by the grace of God,” Dr.  Bawumia said.

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At the Bulk Oil Storage and Transportation Company Limited’s (BOST) new headquarters’ commissioning on Wednesday in Accra, Bawumia made this statement.

According to the vice president, who is confident the gold-for-oil programme would succeed, assured that the country will receive more fuel as a result of the agreement.

“There is more to come, this is the third month of operation of the policy. Some people said it will not work, and Ghana doesn’t have enough gold. How can you say that? We have been mining this gold for 200 years, and they keep taking it out, and it cannot work for us. It doesn’t make sense,” Dr. Bawumia noted.

He gave the assurance that the government will fulfill its obligation to lessen the pressure on the cedi.

“With dedication and the right focus, we will deliver the mandate Ghanaians have entrusted in our care,” the Vice President promised.

Currently, the national average price for gasoline and diesel is GH13.53 and GH13.69, respectively.

Over 100,000 metric tonnes of petroleum have so far been imported into the nation under the government’s Gold for Oil programme, which was unveiled in an effort to support the cedi and bring in cheaper fuel.

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