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NDC is bleeding over the success of gold-for-oil policy – Bawumia

16TH March 2023

Vice President Dr. Mahamudu Bawumia has taken a dig at political opponents, especially the opposition National Democratic Congress (NDC) for doubting and opposing the gold-for-oil policy.
 
According to the Veep, persons who doubted the gold-for-oil policy are now bleeding because the policy is working and Ghanaians are already feeling the impact.
 
“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 at the the commissioning of the new head office of the Bulk Oil Storage and Transportation Company Limited (BOST) in Accra on Wednesday, March 15.
 
Dr. Bawumia urged Ghanaians to stay positive and optimistic about the gold-for-oil policy and to expect cheaper fuel under the deal.
 
“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 further opined that the government will through this policy ensure pressure on the local currency, the cedi is reduced.
 
“With dedication and the right focus, we will deliver the mandate Ghanaians have entrusted in our care,” Dr. Bawumia stated.
 
Currently, the average price for petrol and diesel stands at ¢12.95 and ¢13.49 respectively.
 
The Gold for oil policy which was announced by the government to help reduce the pressure on the cedi and bring in cheaper fuel has so far seen about 100,000 metric tons of fuel being brought into the country under the policy.

Written by Web Master

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