Governor of the Bank of Ghana, Dr. Ernest Addison has disclosed that the Gold for oil initiative by the Vice President and Flagbearer for the New Patriotic Party (NPP), Dr. Mahamudu Bawumia served as a critical intervention during the economy crisis.
Ghana experienced some economic hardships that nearly brought the economy to it’s kneels, and Dr. Ernest Addison has revealed that it took the unique intervention of Dr. Bawumia to actually change things for the country and the Gold for oil initiative was what helped in reviving the economy.
Dr. Bawumia’s Gold for Oil policy served as a critical intervention during the economic crisis.
He noted that the unique policy was the game changer as it aided in helping government to craft out measures to deal with price surges. He added that the policy played an integral role in turning things around for the better with regards to economic hardships and difficulties.
Having the Gold for Oil Policy in place provides the government with a valuable tool for addressing sudden price escalation.
Dr. Ernest Addison commended the policy for playing a significant role in transforming the economy and has reaffirm his strong support for Dr, Bawumia’s Gold for Oil policy.
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