Kodzo Yaotse, Policy Lead for Petroleum and Conventional Energy at the Africa Centre for Energy Policy, has delivered a scathing verdict on the Gold-for-Oil program, calling it a failure. In an interview, Yaotse pointed to significant losses incurred and fuel prices continuing to rise, despite the program’s suspension. Apexnewsgh reports
Yaotse laid the blame squarely on the previous government, citing their failure to establish a specialized department with experts to effectively manage the program. This lack of oversight, he argued, led to the program’s downfall.
Now, Yaotse is calling on the governor to produce a detailed report outlining what went wrong and the full extent of the losses incurred.
To mitigate the rising fuel prices, Yaotse urged the government to take immediate action. He recommended stabilizing the currency and rationalizing taxes on petroleum products. These measures, he believes, would help control prices and alleviate the burden on consumers.
The Africa Centre for Energy Policy has issued a statement on the matter, emphasizing that the charges incurred are ultimately passed on to consumers and should be reconsidered. As the debate surrounding the Gold-for-Oil program continues, one thing is clear: urgent action is needed to address the rising fuel prices and stabilize Ghana’s energy sector.
Source: Apexnewsgh.com
