{"id":89595,"date":"2025-08-13T08:13:45","date_gmt":"2025-08-13T08:13:45","guid":{"rendered":"https:\/\/sotnews.agency\/?p=89595"},"modified":"2025-08-13T08:13:45","modified_gmt":"2025-08-13T08:13:45","slug":"summon-finance-minister-governor-over-contradictory-gold-for-oil-reports-ierpp-urges-parliament","status":"publish","type":"post","link":"https:\/\/sotnews.agency\/?p=89595","title":{"rendered":"Summon Finance Minister, Governor over contradictory Gold for Oil reports- IERPP urges Parliament"},"content":{"rendered":"
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The Institute for Economic Research, Policy, and Practice (IERPP) has called on Parliament to haul the Minister of Finance and the Governor of the Bank of Ghana to Parliament to explain conflicting official statements they have given over the Gold for Oil programme.<\/p>\n

In a statement issued on Tuesday, August 12, 2025, the IERPP expressed \u201cgrave concern\u201d over what it describes as \u201cofficial conflicting statements\u201d by the Finance Minister, Dr Ato Forson, and the Governor, Dr Johnson Pandit Asiama, over the policy, which was initiated under the previous government.<\/p>\n

\u201cOn March 3, 2025, the BoG Governor, Dr. Johnson Asiama, confirmed that the G4O programme had been operational but was suspended due to policy and operational challenges. Further, on August 11, 2025, the First Deputy Governor revealed that 27.63 tonnes of gold were used to settle 1.95 million metric tonnes of petroleum products under G4O,\u201d the statement said.<\/p>\n

It continued: \u201dYet, on July 25, 2025, Finance Minister Dr. Cassiel Ato Forson declared emphatically that \u201cthere was no barter\u2026 never, never\u201d, insisting that the so-called G4O was nothing more than conventional dollar payments for oil.<\/p>\n

The IERPP said, \u201cThese statements cannot both be true. Ghanaians deserve more than contradictory soundbites; they deserve facts, adding that the contradictions damage Ghana\u2019s credibility.<\/p>\n

The IERPP, therefore, called on Parliament to \u201dimmediately summon the Governor of the BoG and the Minister of Finance to present reconciled, verifiable data on the G4O programme,\u201d adding that \u201dthe truth must be placed on public record to restore confidence in our economic management.\u201d.<\/p>\n<\/div>\n

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\"SummonThe Institute for Economic Research, Policy, and Practice (IERPP) has called on Parliament to haul the Minister of Finance and the Governor of the Bank of Ghana to Parliament to explain conflicting official statements they have given over the Gold for Oil programme.<\/div>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"facebook_2277560469115098_106292521332774":"","twitter_aToxNzczMzI3Njk4OTg4ODUxMjAxOw==_1773327698988851200":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1264,1904,4716,6463,4845,1883,10,9],"tags":[],"class_list":["post-89595","post","type-post","status-publish","format-standard","hentry","category-bank-of-ghana","category-banking-and-finance","category-gold-for-oil","category-ierpp","category-ministry-of-finance","category-national","category-politics","category-popular"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/posts\/89595","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=89595"}],"version-history":[{"count":0,"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/posts\/89595\/revisions"}],"wp:attachment":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=89595"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=89595"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=89595"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}