- Source: www.ghanaweb.com
Vice President, Dr. Mahamadu Bawumia, has described the Gold-for-Oil policy as a policy that will push the prices of fuel down.
According to him, the prices of petroleum products will go down once again at the pumps from tomorrow, March 16, 2023.
Commissioning a new head office for the Bulk Oil Storage and Transportation Company (BOST) in Accra, Dr. Bawumia indicated that the policy will fulfill its objective of the prices of fuel and easing the pressure on the country’s forex reserve.
He expressed his enthusiasm towards the implementation of the Gold-for-Oil policy as it is the first policy of its kind in Ghana since independence to address the crisis that the country faces.
He is certain that this is the most important macroeconomic policy intervention to deal with the exchange rate depreciation, fuel prices, food prices, and inflation issues in the country.
