Audio By Carbonatix
Executive Director of the Institute for Energy Policy and Research and member of the New Patriotic Party's (NPP) Communication Team, Kwadwo Poku, has defended the integrity of the government’s Gold-for-Oil programme.
He insisted that all participating companies were subjected to rigorous due diligence processes.
Speaking on JoyNews’ Newsfile programme on Saturday, October 4, Mr Poku asserted that state institutions, including the Bank of Ghana and the Financial Intelligence Centre (FIC), played active roles in verifying the credentials of the firms involved.
“Everybody who took part in Gold-for-Oil went through proper due diligence,” he stated. “The Bank of Ghana undertook what is called the KYC — Know Your Customer — and those companies were also sent to the FIC for them to basically screen these companies.”
The remarks come in the wake of a report by policy think tank IMANI Africa, which alleges a GH¢7.2 billion leakage in the implementation of the Gold-for-Oil policy.
Latest Stories
-
Togbe Afede XIV lauds government’s $10bn ‘big push’ programme for boosting farm produce transport
1 minute -
FDA urges consumers to prioritise safety when purchasing products during festive season
5 minutes -
President Mahama calls for single-digit interest rates on agricultural loans
18 minutes -
President Mahama urges Ghanaians in formal jobs to take up farming
28 minutes -
Farming interventions paying off, lifting incomes and food security, says Agric minister
43 minutes -
Gov’t pledges science-backed interventions in agriculture, says Agric minister
53 minutes -
Ghana unveils $3.4bn plan to accelerate national clean energy transition
57 minutes -
Interior minister urges security agencies to maximise use of new NSB regional command in Ho
1 hour -
Photos: Ghana celebrates 41st National Farmers’ Day
1 hour -
2025 Farmer’s Day: Farmers demand a 2% interest rate on loans to boost farming activities
1 hour -
Chamber of Aquaculture Ghana calls for strong public-private partnerships to unlock finance and transform the sector
2 hours -
Lions celebrate International Volunteer Day with over decades of service and impact
2 hours -
3 dead, dozens injured in Mampong Abuontem head-on collision
2 hours -
MoFFA shuts down several Eastern Region mortuaries over poor sanitation, non-compliance
2 hours -
Domestic violence case: John Odartey Lamptey remanded over alleged brutal assault on wife
2 hours