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‘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...
Deputy Energy Minister and Member of Parliament for Sekondi Constituency, Hon. Andrew Kofi Egyapa Mercer

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...
Vice President of IMANI Ghana, Bright Simons

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...
Dr Mahamudu Bawumia

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...

Gold exports in 2023 surged to $7.60bn, but crude oil and cocoa exports tumble...

Gold exports in 2023 amounted to $7.60 billion, representing a year-on-year increase of 15.0%. This is mainly due to a 9.2% increase in the volume...

Commodity Trader Trafigura Joins Angola Oil & Gas (AOG) 2024 as Gold Sponsor

Multinational commodity trader Trafigura will participate at the Angola Oil&Gas (AOG) 2024 conference – scheduled for October 2-3 in Luanda – as a gold...

Gold for oil: BoG spends GH¢2.43bn on petroleum import finance

The Bank of Ghana (BOG) has disclosed that as of December 31, 2023, the consolidated capitalised cost incurred on the Gold for Oil (G40)...

NDC will probe gold-for-oil deal if we win 2024 polls – Mahama

The flagbearer of the National Democratic Congress (NDC), John Dramani Mahama, has said he will probe the gold-for-oil deal if he is elected President...

Gold4oil policy not responsible for manganese-laden fuel – BOST

The Bulk Oil Storage and Transportation Company Limited has rejected claims of importing manganese-laden fuel under the government’s Gold-for-Oil Policy. Recent reports have suggested that...

Anglogold Ashanti distributes 30,000 oil palm seedlings to reclaim destroyed lands

Mining giants AngloGold Ashanti, Obuasi Mine has distributed 30,000 oil palm seedlings to over 2,500 existing oil palm farmers across its host communities. The...

Publish names of third party dealers involved in ‘Gold for Oil’ programme -CSOs

Some Civil Society Organizations (CSOs) in the energy sector have challenged government to publish the names of third-party dealers involved in the ‘Gold for...

Oil for Gold deal: Mining Companies to supply 20% of gold

Mining companies in the country have been consulted by government to help make the gold for oil deal a success. The companies are to supply...

Gold for oil: Bleeding is allowed – Bawumia tells critics

Vice President Dr Mahamudu Bawumia has thrown shades at political opponents who were sceptical about the success of the gold-for-oil policy. The Vice President said...

Gold for oil: Fuel prices will go down further – Bawumia

Vice President Dr Mahamadu Bawumia has described the Gold-for-Oil policy as a game changer that will push fuel prices down. According to him, prices of...

Gold4Oil: Ghana takes delivery of another 40k tonnes

Ghana has taken delivery of the second consignment of fuel under the gold-for-oil policy. The 40,000 metric tonnes of oil arrived at the Tema port...

Transport union insists ‘Gold for Oil’ triggered low fuel prices 

National Chairman of General Transport, Petroleum and Chemical Worker Union (GTPCWU) of TUC, Bernard Owusu, believes the recent decrease in fuel prices is a...

PMMC allays fears gold-for-oil is revised Agyapa deal [Listen]

JoyNews/AdomNews · PMMC Allays Fears Over Gold For Oil Deal The Precious Minerals Marketing Company has allayed the fears of Ghanaians that the government's gold-for-oil...

There is abundance of gold to exchange for oil – PMMC [Audio]

JoyNews/AdomNews · There Is Abundance Of Gold In Ghana -PMMC Managing Director of Precious Minerals Marketing Company (PMMC), Nana Akwasi Awuah, is optimistic the government's...

How are you getting the gold? – Alex Mould quizzes govt over gold-for-oil deal

JoyNews/AdomNews · ALEX MOULD ON GOLD A former Chief Executive Officer of the National Petroleum Authority (NPA) has said there is nothing innovative about the...

Gold-for-Oil: NPA to regulate prices

To ensure that the prices of petroleum products imported under the Gold-for-Oil (G4O) programme reflect at the pumps to benefit consumers, the National Petroleum...

Lazy ‘Gold for oil’ deal will plunge Ghana into debt crisis – John Jinapor

Ranking Member on Parliament’s Mines and Energy Committee, John Jinapor, has criticised government’s “Gold for Oil” approach to solving the constant fuel price hikes. Mr...

Oil for Gold deal sustainable – Bank of Ghana

The Bank of Ghana (BoG) has calmed the fears of Ghanaians over government’s ability to provide enough gold for its Gold for Oil policy.  The...

Ghana in talks with Dubai oil refiner to barter gold for fuel

Ghana is in talks with Emirates National Oil Company for a barter arrangement that will enable the West African nation to buy fuel with gold. The government...
gold

We have enough gold to exchange for oil – Deputy Energy Minister

The Deputy Energy Minister, Dr Mohammed Amin Adam, says government is ready to implement its gold-for-oil barter deal. According to him, the country has enough...

Govt negotiates gold-for-oil barter deal, says Bawumia

The government says it is negotiating a gold-for-oil barter deal to address using the country’s “dwindling foreign exchange reserves” to procure oil products. Vice President...

Police foil robbery attack on gold buying shop at Konongo

The Police have foiled a robbery attack on a gold buying shop at Konongo in the Ashanti region.The Police said they received a distress...