30% of Ghana’s crude oil consumption purchased through Gold for oil programme – Lands Minister
Reporting Oil and Gas
NOVEMBER 26, 2023
In response to the depreciation of the Ghana Cedi in the last quarter of 2022, the government introduced the Gold for Oil Programme, utilizing gold produced within the country to purchase oil and alleviate pressure on the local currency. Additionally, petrol prices decreased from GHS23 per litre to GHS12 per litre.
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