John Abdulai Jinapor Criticizes Government’s Gold for Oil Policy, Labels It Unsustainable
John Abdulai Jinapor, Ranking Member of the Mines and Energy Committee of Parliament and Member of Parliament for the Yapei-Kusawgu Constituency, has raised concerns over the sustainability of the government’s Gold for Oil Policy.
Speaking at the Ghana Energy Sector Stakeholders Engagement in Accra on Friday, September 13, Jinapor claimed that the policy has resulted in over GHC 1 billion in debt for the Bank of Ghana.
Jinapor, who also chairs the Energy Committee of the National Democratic Congress (NDC), stressed that their analysis of the policy revealed it has not achieved its intended goals. He stated that despite extensive checks and simulations, the policy has proven ineffective.
He further criticized the economic situation under the leadership of the current administration, particularly targeting the economic management team led by Dr. Mahamudu Bawumia. Jinapor remarked, “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.” He emphasized that this exemplifies the economic challenges the nation faces, attributing the situation to mismanagement by the government.
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