Ghana's Gold-for-Oil program faces scrutiny over its effectiveness in stabilizing fuel prices.
The Gold-for-Oil (G4O) program in Ghana, introduced to stabilize fuel prices and address foreign exchange issues, has faced criticism from oil marketing companies, who argue it only covers about 30% of the country's fuel needs. However, supporters claim it has reduced fuel prices and improved foreign exchange rates, attributing recent price hikes to market speculation. The program's effectiveness and transparency are under scrutiny, with calls for a reassessment and potential shifts to alternative models.
5 weeks ago
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