07
Feb
The former Managing Director of the Bulk Oil Storage and Transportation Company Limited (BOST), Dr. Edwin Alfred Nii Obodai Provencal, has robustly defended Ghana’s ‘Gold for Oil’ (G4O) initiative against recent criticisms. His response comes after remarks by Dr. Riverson Oppong, CEO of the Association of Oil Marketing Companies (AOMC), who questioned the programme’s efficacy and transparency. In a rejoinder, Dr. Provencal emphasised the programme’s success in stabilising fuel prices and reducing foreign exchange pressures. He noted, “Premiums on petroleum products dropped from $135 per metric tonne to $65 currently, and diesel prices have fallen from GHS23 per litre in…