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Why Gold for Oil was a sham – Ato Forson [Video]
Finance Minister Dr. Cassiel Ato Forson has revealed that the much-publicised “Gold for Oil” policy under the previous administration never involved any actual barter...
Government should not cancel ‘Gold for Oil Programme’ – Dr. Ackah
The Executive Director of the Ghana Gold Expo Foundation, Dr. Stephen Ackah, has appealed to the government not to cancel the ‘Gold for Oil...
Fuel would have been GH₵30 or GH₵40 if not for gold for oil policy...
Managing Director of the Bulk Oil Storage and Transportation Company Limited (BOST), Dr. Edwin Alfred Provencal, has firmly defended the Gold for Oil policy.
In...
Parliament must probe Gold for Oil programme – Extractive Industry Transparency Initiative
The Ghana Extractive Industry Transparency Initiative (GHEITI) is demanding a parliamentary inquiry into government’s Gold for Oil policy citing opacity and lack of accountability...
Gold for Oil policy still on track – BoG
The Bank of Ghana (BoG) has affirmed that the government's Gold for Oil policy is progressing as planned.
This initiative was introduced to address Ghana's...
‘We are not against Gold for Oil policy but its skewed implementation’ – CBOD...
The CEO of the Chamber of Bulk Oil Distributors (CBOD) says its members are not opposed to the government’s Gold for Oil policy but...
BoG seeking to hand over Gold for Oil programme to a commercial bank –...
The Bank of Ghana (BoG) says it intends to hand over the Gold for Oil programme to a commercial bank to operate.
This, according to...
30% of Ghana’s crude oil consumption purchased through Gold for oil programme – Lands...
The Minister for Lands and Natural Resources, Samuel Abu Jinapor, has lauded President Akufo-Addo and Vice President, Dr. Mahamudu Bawumia, for introducing the Gold...
Gold for Oil policy expected to save Ghana about $4.8 billion annually
The successes chalked so far by the government’s innovative, ‘Gold for Oil policy’ seem to have vindicated the positions of the Vice President, Dr...
Gold for oil consignment selling higher than fuel from other sources – Dr Acheampong
An Economist and Political Risk Analyst has highlighted some downsides of the gold for oil policy.
He said that prices of gold for oil consignment...
SONA 2023: Gold for oil deal bearing fruits – Akufo-Addo
President Nana Addo Dankwa Akufo-Addo is impressed with the progress of the Gold for Oil Policy so far.
Delivering the State of the Nation Address...
GPRTU reacts to Gold for Oil deal
The Ghana Private Road Transport Union (GPRTU) says the Gold for Oil policy implemented by the government does not live up to the expectation...
Only OMC’s with 45 retail outlets will receive gold for oil products – NPA
The Chief Executive of the National Petroleum Authority (NPA), Dr Mustapha Abdul-Hamid, has said the NPA in consultation with the Association of Oil Marketing...
Gold for oil saga: Egyapa Mercer descends on NDC
JoyNews/AdomNews · AGYAPA MERCER ON GOLD FOR OIL
Deputy Energy Minister and Member of Parliament for Sekondi Constituency, Andrew Kofi Egyapa Mercer, has descended on...
Gold for Oil has nothing to do with fuel prices reduction – IES
Executive Director of the Institute for Energy Securities (IES), Nana Amoasi VII, has said that the recent reduction in fuel prices has nothing to...
Bright Simons writes: Mystery middlemen surface in Ghana’s gold for oil deals
Regular readers would recall a recent tweet about whispers floating around Accra’s political alleys about the role of fixers and go-betweens in Ghana’s Vice...
Gold for oil deal will stabilise fuel prices – NPA
The National Petroleum Authority (NPA), says the government’s 'Gold for Oil' deal will contribute to efforts to stabilise the prices of petroleum products across...
All you need to know about Gold for Oil programme
Introduction:
1. The Gold for Oil (G4O) Programme is an initiative of the Government of Ghana to use the existing Bank of Ghana (BoG) Domestic...
GOIL attributes drop in diesel price to Gold for Oil barter deal
A leading Oil Marketing Company (OMC), GOIL, has attributed the reduction in the price of diesel today, January 3, 2023 to the impact of...
Gold for Oil deal lacks transparency: Mahama
Former President John Dramani Mahama says government must put before Parliament, the Gold for Oil agreement for parliamentary scrutiny and approval since the deal...
Bawumia upbeat about gold for oil deal following successful delivery of test shipment
Vice President Dr Mahamudu Bawumia has been explaining why Ghana is currently pursuing an IMF bailout and how to change the status quo.
The gold...
Gold for Oil deal recipe for disaster – John Jinapor
Ranking Member on Energy Committee in Parliament, John Jinapor, has asked the government to tread cautiously with its “Gold for Oil” policy.
Mr Jinapor says...
Trading gold for oil will lead to depletion of forest reserves – ASEPA
The Alliance for Social Equality and Public Accountability (ASEPA) has asked the government to rescind its decision to purchase oil from the world market...
2025/26 GHPL: Medeama beat Vision FC to extend lead as GoldStars and Kotoko share...
Saturday’s Matchday 19 action in the 2025/26 Ghana Premier League wrapped up across two centres, producing late drama and a stalemate between title contenders.
At...
BoG Governor defends Gold-for-Oil cancellation
The Governor of the Bank of Ghana (BoG), Dr Johnson Asiama, has defended the central bank’s decision to cancel the Gold-for-Oil programme in March...
BoG orders external audit into Gold-for-Oil Programme after GH¢2.2bn losses
The Bank of Ghana (BoG) has commissioned an external audit of its controversial Gold-for-Oil and Gold-for-Reserves programmes as part of reforms aimed at improving...
2025/26 GHPL MD6: GoldStars end Heart of Lions’ unbeaten start, Wonders, Karela share spoils
The 2025/26 Ghana Premier League Matchday 6 fixtures concluded on Monday with two games rounding off the weekend’s action.
At the DUN’s Park, Bibiani GoldStars...
2025/26 GHPL: Nations FC, Kotoko share spoils as Vision FC cruise past Gold Stars
Nations FC and Asante Kotoko settled for a goalless draw in their Premier League Matchday 5 clash at the Dr. Kwame Kyei Sports Complex...
Bright Simons slams middlemen windfall in GH¢7bn Gold-for-Oil leak
Vice President of IMANI Africa, Bright Simons has criticised the role of intermediaries in Ghana's controversial Gold-for-Oil programme, following a report by the think...
Bright Simons breaks down Gold-for-Oil programme, calls for accountability [Video]
Vice President of IMANI Africa, Bright Simons, has broken down how Ghana’s Gold-for-Oil programme was conceived and executed, raising questions about its efficiency and...
Gold-for-Oil saga: Kwadwo Poku slams IMANI report as ‘frivolous’ and ‘false’
The integrity of the previous administration's Gold-for-Oil (G4O) programme has thrust back into the national spotlight as Energy Analyst Kwadwo Poku condemns a recent...
NPP defends Gold-for-Oil programme, rebuts IMANI’s “leakage” claims
The New Patriotic Party (NPP), through its policy arm, the Patriotic Institute, has rejected claims by IMANI Africa that the Government’s Gold-for-Oil (G40) programme...
Gold-for-oil was run transparently – Former BOST MD
Former Managing Director of the Bulk Oil Storage and Transportation Company (BOST), Dr. Edwin Provencal, has rejected claims of systemic fraud and fiscal leakages...
IMANI demands audit as forensic report exposes Gold-for-Oil scandal
A forensic risk assessment of Ghana’s Gold-for-Oil (G4O) programme has uncovered staggering fiscal leakages, systemic fraud, and governance failures, prompting fierce calls from IMANI...
One suspect dead, 2 victims injured as police foil gold heist at Teleku Bokazo
The Western Regional Police Command has mounted a manhunt for four armed robbers following a brazen attack on a gold-buying shop at Teleku Bokazo.
According...
Gold for Oil: BoG confirms GH¢2.14 billion loss but highlights gains
The Bank of Ghana (BoG) has revealed that the now-discontinued Gold for Oil (G4O) Programme resulted in a total financial loss of GH¢2.14 billion.
This...
Police foil GHS1.3million gold heist, arrest 3 suspects in Accra
The Ghana Police Service has successfully foiled a robbery attempt targeting a gold consignment valued at over GHC 1.3 million, arresting three suspects believed...
Oil, gold, travel at risk – Expert warns of Ghana’s exposure to Middle East...
The Research Director of African Programmes at Chatham House, Dr. Alex Vines, says Ghana and other African countries are not shielded from the escalating...
BoG ‘losses’ stem from reporting mismatch, not Gold-for-Oil – Gideon Boako ‘educates’ Governor Asiamah
Tano North MP and Deputy Ranking Member of Parliament’s Finance Committee, Dr Gideon Boako, has refuted claims that the Bank of Ghana’s (BoG) 2024...
Gold-for-Oil policy responsible for stable petroleum prices – Hassan Tampuli
The former Deputy Minister for Transport, Hassan Tampuli, has credited the Gold for Oil policy introduced by the previous Nana Akufo-Addo administration for the...