Gold for Oil Policy Is “Murky” – Wereko-Brobbey

Dr Charles Wereko-Brobbey, the former chief executive of the Volta River Authority (VRA) has described the government’s gold for oil policy as “murky”.

Wereko-Brobbey is questioning why the government allegedly used money to pay for the first consignment of 40,000-plus metric tonnes of petroleum products delivered by SCF YENISEI.

Speaking to Beatrice Adu on the Big Bulletin on Monday (6 February), Wereko-Brobbey said, “I really find this whole arrangement a little bit slippery.”

“I think this whole arrangement is a smokescreen for Ghana trying to take advantage of the discount that Russia is offering on international oil products because of sanctions from the West,” Wereko-Brobbey, popularly known as Tarzan, said.

“Because Russia is unable to sell to the West, so it is offering its oil and products at 30% discount. So, I find the whole thing rather murky,” the former presidential candidate of the United Ghana Movement (UGM) in 2000 said.