Vice President Dr. Mahamudu Bawumia has announced that the Ghana government expects to receive the first crude oil products next month (January 2023) following the operationalization of its Gold for Oil policy.
Dr. Mahamudu Bawumia, disclosed in a Facebook post:
“I am happy to announce that the Government of Ghana has concluded the arrangements for the operationalization of the Gold for Oil policy.
Consequently, the first oil products under the policy will be delivered next month (January 2023). My thanks to the Minister for Energy, Minister for Lands and Natural Resources, Governor of the Bank of Ghana, the Chamber of Mines, PMMC, and BOST for their leadership in the operationalization of the Government’s Gold for Oil Policy.
God bless our homeland Ghana”.
Vice President explained in November that the Gold for Oil policy was not an attempt to by the country to move away from using the US dollar for international transactions.
Speaking during the 2022 AGI Awards in Accra, Dr. Bawumia noted that to the contrary, Ghana’s gold for oil program will give Ghana the space to accumulate more international reserves as the country will save the $3 billion it spends on oil imports.
Source: Apexnewsgh.com
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