Oil for gold

The much-applauded Gold for Oil Policy will be implemented beginning next month, Vice President Dr. Mahamudu Bawumia has announced. The Oil for Gold initiative, announced by the Vice President last month, will see Ghana pay for imported oil products with gold, in a move which the Vice President explained will impact positively on Ghana’s US Dollar foreign exchange reserve, fuel prices and general cost of living. Writing on his Facebook page on Thursday, Vice President Bawumia announced that the initiative will start next month with the first delivery of oil products under the policy. “I am happy to announce that…