Tag Archives: Gold for Oil programme

The Bank of Ghana (BoG) has announced the suspension of the Gold-for-Oil programme, citing policy and operational challenges that have led to financial losses. The initiative, designed to reduce reliance on foreign exchange for fuel imports and stabilise domestic fuel prices, has been temporarily halted as the Central Bank reassesses …

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 Gold Purchase (DGP) Programme to support the import of petroleum products into Ghana. 2. The prime objective of the programme is to use additional foreign …