Ben Boakye, executive director of the Africa Centre for Energy scheme (ACEP), claims that the administration appears to have been misrepresenting its gold-for-oil scheme to the public.
He continued, despite the government’s claim that there was a government-to-government deal to exchange oil for gold rather than dollars.
Ben Boakye claimed that it was discovered that such a deal had never been made in a press conference.
He claimed that it was insufficient to account for the volumes of oil that had been imported, which effectively means that oil for our consumption has been purchased using dollars and other currencies.
When we were told that outside companies were going to buy the gold and deposit the proceeds into an escrow account so we could use the money to purchase the oil, he stated that raised doubts about the government’s gold-for-oil scheme.
“However, given that we are aware that BOST has agreements in place with suppliers of oil-related goods, it appears that there are more deeper transactions that the public is not being informed about. How did the government’s gold-for-oil policy interact if we had agreements in place with producers of oil products?
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