My govt will stabilize the cedi through the domestic gold purchase program – Bawumia
Published:
3 months ago
Source:
3News
Vice President Dr Bawumia
The Vice President and the flagbearer of the New Patriotic Party (NPP), Dr. Mahamudu Bawumia, has revealed that the next NPP government will stabilize the Ghana cedi through the gold purchase program. He disclosed that the two policies that helped rescue the economy from catastrophe in the recent crisis are the Bank of Ghana's domestic gold purchase program and the Gold For Oil (G4O) program.
"I am happy to say that the two policies that helped rescue the economy from catastrophe in the recent crisis were the Bank of Ghana's domestic gold purchase program and the Gold For Oil (G4O) program. The pilot has worked for a number of companies, some of which wanted to forex to repatriate profits. We have, thus, found a solution to profit reparation problem without destabilising our local currency.