Governor of the Bank of Ghana (BoG), Dr Ernest Addison has dismissed a claim made by former President John Dramani Mahama that the Gold-for-Oil programme has been operated in opacity.
Dr Addison the policy is very transparent.
It is recalled that Mr Mahama, while speaking at the 3rd Annual Transformational Dialogue on Small-scale Mining at the University of Energy and Natural Resources (UENR) in Sunyani, on Wednesday, May 15 promised to assess the government’s gold-for-oil policy if he becomes president again this year’s elections.
He expressed concerns over the lack of transparency surrounding the arrangement and emphasised the need for a thorough investigation.
Mr. Mahama asserted that the opaque nature of the gold-for-oil deal raises questions about accountability and fairness.
“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,” he said.
