The Ranking Member of the Mines and Energy Committee of Parliament, John Abdulai Jinapor, who also doubles as the Member of Parliament for Yapei-Kusawgu Constituency, has revealed that the Gold for Oil Policy, which was introduced by this government, is not sustainable.
According to him, the Policy has led to over GHC1 billion debt in the books of the Bank of Ghana.
MP Jinapor, who also chairs the Energy Committee of the National Democratic Congress (NDC), made this revelation on Friday, September 13 when speaking at the Ghana Energy Sector Stakeholders Engagement in Accra.
He emphasised that per their checks, analyses and all the simulation, he can boldly say the policy hasn’t even met its objective.
He added that with Ghana’s current debt, if we are to sell the country including all of us living in it, the debt accrued cannot be paid.
“And that is the level of decadence the Dr. Bawumia-led economic management team has sunk Ghana.”
The former Deputy Minister of Power said when they go to international conferences and deliver speeches, people come to them and ask what is wrong with Ghana.
He believes the international community is much concerned about the current state of the country “and a lot of them say they cannot wait to see the back of this government”.
By Kwame Asante|Onua TV|Onuaonline.com|Ghana
