Flagbearer of the New Patritoc Party (NPP) Vice President Dr Mahamudud Bawumia has touted the success of the Gold for Oil programme. He says the programme saved the economy from collapse. "Without the gold purchase programme and the gold for oil programme, this economy would have collapsed," he said during a media encounter on Sunday, August 25. Earlier, the Governor of the Bank of Ghana (BoG), Dr Ernest Addison, recommended that the Gold for Oil programme should continue. He explained this was an innovative porgramme that was introduced to deal with a crisis. Dr Addison however revealed that the central bank is seeking to make a commercial bank take over the programme to allow for the BoG to focus on its core mandate.