Finance Minister Dr.
Cassiel Ato Forson has revealed that the much-publicised "Gold for Oil" policy under the previous administration never involved any actual barter of gold for petroleum products.
Speaking on PM Express on JoyNews, the minister delivered a stunning account of how the policy, widely credited with helping stabilise the cedi, was in fact nothing more than a conventional cash-for-oil arrangement. "It didn't work properly.
The Bank of Ghana were largely paying the suppliers of crude oil and petroleum products in cash.
