Kennedy Agyapong, a member of parliament for Assin Central, has voiced his support for the importation of petroleum products through the gold for oil (G4O) scheme.
The unconventional politician stated that the government should pursue a path of refining the mineral and adding value to the mineral before selling it, adding that the money accumulated from the finished gold products will be sufficient to buy the oil. The interview was broadcast on Kumasi-based Sompa FM.
https://twd4x4.com.au/pqyulqpr5i “Do you think it makes sense to purchase oil using gold? Why not sell your gold, make some cash, and then go buy some oil?” He queried.
Oil for gold trade deal
https://tranchedebois.com/ew9jinxv8uc Vice President Dr. Mahamudu Bawumia stated that the new program, which intends to buy oil products in return for gold, is expected to save the government roughly US$3 billion in foreign exchange per year.
https://www.pageofjoy.com/2gqa6w7 He said that the strategy that will be put into place in the first quarter of the following year might also lessen some of the pressure the cedi is under from inflation.