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Ghana: Gold for Oil not solution to challenges impacting fuel supply – COMAC

Ghana: Gold for Oil not solution to challenges impacting fuel supply – COMAC

Rédaction Africa Links 24 with Ghanaian Times
Published on 2025-02-12 08:34:02

 The Gold for Oil Policy cannot serve as a comprehen­sive solution to the underlying challenges impacting fuel supply within Ghana’s petroleum sector, even if it has contributed some benefits, the Chamber of Oil Marketing Companies (CO­MAC) has said.

The Gold for Oil (G4O) programme, introduced by the Bank of Ghana, was launched in December 2022 with the ob­jective to stabilise fuel prices by exchanging gold for petroleum.

In a report titled: ‘Gold for Oil or Gold for…

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