{"id":81132,"date":"2024-08-31T17:30:50","date_gmt":"2024-08-31T17:30:50","guid":{"rendered":"https:\/\/www.africa-press.net\/ghana\/?p=81132"},"modified":"2024-08-31T17:15:22","modified_gmt":"2024-08-31T17:15:22","slug":"gold-for-oil-deal-is-opaque-we-will-investigate-it-terkper","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/ghana\/all-news\/gold-for-oil-deal-is-opaque-we-will-investigate-it-terkper","title":{"rendered":"Gold for Oil Deal is Opaque, we will Investigate it \u2013 Terkper"},"content":{"rendered":"

Africa-Press – Ghana. <\/strong><\/span>Former Finance Minister, Seth Terkper, has said that the next National Democratic Congress (NDC) administration will investigate the Gold for Oil programme that was introduced by the Akufo-Addo administration.<\/b><\/p>\n

He expressed the view that the deal is shrouded in secrecy hence the need to investigate it.<\/p>\n

\u201cThe policy is not a transparent one so we will investigate this deal. If it is not fit for purpose, we will cancel it. Why not sell the gold and get the money. No economy can thrive on a barter system,\u201d he told in a yet-to-be aired interview on the Hot Issues.<\/p>\n

Earlier, the flagbearer of the NDC John Dramani 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\u2019s gold-for-oil policy if he becomes president again this year\u2019s elections.<\/p>\n

He expressed concerns over the lack of transparency surrounding the arrangement and emphasised the need for a thorough investigation.<\/p>\n

Mr. Mahama asserted that the opaque nature of the gold-for-oil deal raised questions about accountability and fairness.<\/p>\n

\u201cWe will investigate the opaque gold for oil programme and expose the actors benefiting from this so-called barter agreement.<\/p>\n

\u201cReports 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,\u201d he said.<\/p>\n

However, the Bank of Ghana dismissed concerns that the programme has been opaque.<\/p>\n

When asked for his response to these comments, Dr Ernest Addison said at the 118th Monetary Policy Committee (MPC) press conference in Accra on Monday, May 27 that \u201cthat is an opinion but I don\u2019t see it that way at all. From our perspective, it is very transparent and open.\u201d<\/p>\n

He further urged all persons seeking to know more about the policy to sit with the handlers of the policy for further explanation.<\/p>\n

The Flagbearer of the New Patriotic Party (NPP) Vice President Dr Mahamudu Bawumia recently touted the success of the Gold for Oil programme.<\/p>\n

He says the programme saved the economy from collapse.<\/p>\n

\u201cWithout the gold purchase programme and the gold for oil programme, this economy would have collapsed,\u201d he said during a media encounter on Sunday, August 25.<\/p>\n

For More News And Analysis About Ghana Follow Africa-Press<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Ghana. Former Finance Minister, Seth Terkper, has said that the next National Democratic Congress (NDC) administration will investigate the Gold for Oil programme that was introduced by the Akufo-Addo administration. He expressed the view that the deal is shrouded in secrecy hence the need to investigate it. \u201cThe policy is not a transparent […]<\/p>\n","protected":false},"author":84,"featured_media":81131,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[429],"class_list":["post-81132","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-ghana"],"yoast_head":"\nGold for Oil Deal is Opaque, we will Investigate it \u2013 Terkper - Ghana<\/title>\n<meta name=\"description\" content=\"Former Finance Minister, Seth Terkper, has said that the next National Democratic Congress (NDC) administration will ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/ghana\/all-news\/gold-for-oil-deal-is-opaque-we-will-investigate-it-terkper\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Gold for Oil Deal is Opaque, we will Investigate it \u2013 Terkper\" \/>\n<meta property=\"og:description\" content=\"Former Finance Minister, Seth Terkper, has said that the next National Democratic Congress (NDC) administration will ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/ghana\/all-news\/gold-for-oil-deal-is-opaque-we-will-investigate-it-terkper\" \/>\n<meta property=\"og:site_name\" content=\"Ghana\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2024-08-31T17:30:50+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/ghana\/sites\/18\/2024\/08\/sm_1725111845.90148.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/gold-for-oil-deal-is-opaque-we-will-investigate-it-terkper#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/gold-for-oil-deal-is-opaque-we-will-investigate-it-terkper\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/ghana\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Gold for Oil Deal is Opaque, we will Investigate it \u2013 Terkper\",\"datePublished\":\"2024-08-31T17:30:50+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/gold-for-oil-deal-is-opaque-we-will-investigate-it-terkper\"},\"wordCount\":402,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/gold-for-oil-deal-is-opaque-we-will-investigate-it-terkper#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/ghana\/sites\/18\/2024\/08\/sm_1725111845.90148.jpg\",\"keywords\":[\"ghana\"],\"articleSection\":[\"all news\",\"Economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/ghana\/all-news\/gold-for-oil-deal-is-opaque-we-will-investigate-it-terkper#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/gold-for-oil-deal-is-opaque-we-will-investigate-it-terkper\",\"url\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/gold-for-oil-deal-is-opaque-we-will-investigate-it-terkper\",\"name\":\"Gold for Oil Deal is Opaque, we will Investigate it \u2013 Terkper - 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