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| Mantse Ayitey - NDC Communication |
Former Vice President Dr. Mahamudu Bawumia must be held accountable for the reported GH¢2.34 billion losses recorded under the Gold-for-Oil programme, NDC communicator Mantse Ayitey has said.
According to figures cited from Bank of Ghana annual reports, the programme recorded:
🔴 2023: GH¢317 million loss
🔴 2024: GH¢1.823 billion loss
🔴 2025: GH¢203 million loss
The Gold-for-Oil programme was discontinued in March 2025.
Mantse Ayitey questioned whether adequate feasibility studies and due diligence were conducted before the programme was implemented, describing the reported losses as an avoidable burden on Ghana's already-strained public finances.
He further argued that if investigations establish that the losses resulted from unlawful conduct, the persons responsible must face the law.
“Such a low competent individual is still on a ballot paper to come and cause more financial havoc on our poor public purse,” Mantse Ayitey said.
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