BoG has not pulled out of Gold4Oil program

BoG has not pulled out of Gold4Oil program

Getting your Trinity Audio player ready...

The Bank of Ghana has not pulled out of the innovative Gold for Oil initiative, contrary to reports by a section of the media and some NPP elements opposing Vice President Bawumia in the presidential primaries.

Some newspapers, including the Finder, published that one of the conditions given to the Bank of Ghana by the IMF was to pull out of the Gold for Oil programme.

The newspapers failed to give credible sources to support their claims and this is what some NPP elements are propagating out there.

On Citi FM’s Eyewitness hosted by Umaru Sanda Amadu on Monday, May 29, 2023, a former NPP MP for Nsuta-Kwamang-Beposo, Kwame Asafu-Adjei, alleged that the Bank of Ghana has pulled out of the program.

The same former MP has granted interviews to many radio stations and made similar false claims.

The Deputy Minister for Energy, Andrew Egyapa Mercer, responding to the allegation, emphasized that no such decision has been taken by the Bank of Ghana or the Government. He has urged the general public to treat this allegation with disdain.

This lie has come about as a result of the NPP‘s internal elections. The Vice President of the Republic, Mahamudu Bawumia, is the brain behind this innovative initiative and so, it is the belief of his opponents that if this programme is attacked, it would dent the credibility of Dr. Bawumia.

ABCNews and its editorial team can also authoritatively state that the Bank of Ghana has not pulled out of this programme as being alleged by the former NPP MP and his cohorts.

Media house should cross-check information sent to them before going ahead to publish stories about them. Political actors must stop fabricating stories about opponents in this internal contest since same would come back to haunt the party after the primaries.


Business News