Minister of Energy-designate, John Jinapor, made a surprising retreat over the Gold for Oil policy when he appeared before the Appointments Committee of Parliament on Monday, January 13, 2025.
The policy, introduced by the previous government in February 2023 and championed by then Vice President Dr.
Mahamudu Bawumia to mitigate Ghana's forex crisis and stabilize fuel prices, was heavily criticized by John Jinapor, then Minority Spokesperson on Mines and Energy.
In a post on his X account in November 2023, which was widely reported in the media, Jinapor lambasted Dr.