• Latest
  • Trending
Gold-for-Oil was not the solution to stabilizing fuel prices - COPEC

Gold-for-oil Contract Agreement is between BOST and Suppliers of petroleum products – Deputy Energy Minister

June 30, 2023
Fake recruitment alert: Ghana Prisons Service cautions public

Fake recruitment alert: Ghana Prisons Service cautions public

June 2, 2025
NRSA announces revised road regulations Act to improve road safety

NRSA announces revised road regulations Act to improve road safety

June 2, 2025
E/R- Children, pregnant woman, survive accident on Adukrom road

E/R- Children, pregnant woman, survive accident on Adukrom road

June 2, 2025
President Mahama announces permit system to control excavator imports to Ghana

President Mahama announces permit system to control excavator imports to Ghana

June 2, 2025
Ghana Immigration Service warns public against fake recruitment portal

Ghana Immigration Service warns public against fake recruitment portal

June 2, 2025
Breaking the Stigma: ROSS-B Care Foundation Marks Menstrual Hygiene Day with Community Impact

Breaking the Stigma: ROSS-B Care Foundation Marks Menstrual Hygiene Day with Community Impact

June 2, 2025
Ghana’s Digital Future: Hope for Africa's Digital Identity & Sovereignty

Ghana’s Digital Future: Hope for Africa’s Digital Identity & Sovereignty

June 2, 2025
Govt to unveil labour export program to tackle unemployment

Gov’t to unveil labour export program to tackle unemployment

June 2, 2025
Takoradi Kidnapping: 25 rescued victims, 5 suspects identified in shocking hostage case

Takoradi Kidnapping: 25 rescued victims, 5 suspects identified in shocking hostage case

June 2, 2025
Minority Caucus seeks clarification on Dr. Ann Sansa Daly’s medical credentials

Minority Caucus seeks clarification on Dr. Ann Sansa Daly’s medical credentials

June 2, 2025
TUC calls for stakeholders engagement on labour export programme

TUC calls for stakeholders engagement on labour export programme

June 2, 2025
Ghana Launches Scaling-Up Renewable Energy Programme (SREP) to Electrify Off-Grid Communities

Ghana Launches Scaling-Up Renewable Energy Programme (SREP) to Electrify Off-Grid Communities

June 2, 2025
Happy Ghana
Advertisement
No Result
View All Result
  • Home
  • News
  • Sports
    • International Sports
    • Afcon2017
    • Afcon2019
    • Corporate Knockout
    • U17 World Cup
    • World Cup 2018
  • Entertainment
  • Business
  • Bizarre
  • Feature
  • More
    • Technology
    • Opinion
    • Lifestyle
  • Listen Live
  • Home
  • News
  • Sports
    • International Sports
    • Afcon2017
    • Afcon2019
    • Corporate Knockout
    • U17 World Cup
    • World Cup 2018
  • Entertainment
  • Business
  • Bizarre
  • Feature
  • More
    • Technology
    • Opinion
    • Lifestyle
  • Listen Live
No Result
View All Result
Happy Ghana
No Result
View All Result
Home News

Gold-for-oil Contract Agreement is between BOST and Suppliers of petroleum products – Deputy Energy Minister

in News
Gold-for-Oil was not the solution to stabilizing fuel prices - COPEC

Gold-for-Oil was not the solution to stabilizing fuel prices - COPEC

Share on FacebookShare on TwitterShare on Whatsapp

Deputy Minister for Energy William Owuraku Aidoo has informed parliament that Ghana’s Gold-for-oil contract agreement is between the Bulk Oil Storage and Transportation Company Limited(BOST) and suppliers of petroleum products.

He explained that they are spot contracts which involve the purchase or sale of the commodity for quick delivery at the current or prevailing market price termed as the spot price.

The deputy minister for energy’s explanation follows a question posed to the ministry by the MP for Cape Coast South,George Kweku Ricketts-Hagan

The barter arrangement was first announced by the Vice President, Dr Alhaji Mahamudu Bawumia, in November last year as part of measures to stabilise the Ghanaian cedi and keep prices of petroleum products low.

Some market watchers, however, cast doubts on the viability and sustainability of the policy.

But the Bank of Ghana, has allayed those fears.

Subscribe to receive notification everytime a new post is published. We promise to be discrete.

Unsubscribe
Previous Post

Man United goalie De Gea set to become a free agent

Next Post

Alan Kyerematen to meet delegates in public durbars from July 4

Next Post
Full text: Alan Kyerematen speaks to Ghanaians on Presidential ambition

Alan Kyerematen to meet delegates in public durbars from July 4

Search

No Result
View All Result

Listen Live

BBC Match of the Day Africa

Happy Ghana

Recent News

  • Fake recruitment alert: Ghana Prisons Service cautions public
  • NRSA announces revised road regulations Act to improve road safety
  • E/R- Children, pregnant woman, survive accident on Adukrom road
  • About
  • advertise
  • Privacy Policy
  • Contact Us

© 2025 Happy FM – Powered by Ghana’s leading radio network. Designed with passion by Global Media Alliance.

No Result
View All Result
  • Home
  • News
  • Sports
    • International Sports
    • Afcon2017
    • Afcon2019
    • Corporate Knockout
    • U17 World Cup
    • World Cup 2018
  • Entertainment
  • Business
  • Bizarre
  • Feature
  • More
    • Technology
    • Opinion
    • Lifestyle
  • Listen Live

© 2025 Happy FM – Powered by Ghana’s leading radio network. Designed with passion by Global Media Alliance.