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Ayeh-Paye describe Gold-for-oil barter deal as an archaic trade

40,000 metric tonnes of fuel under Ghana’s gold for oil deal arrive
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Mr. Samuel Ayeh-Paye has cautioned the governing New Patriotic Party (NPP) delegates not to gloat over the introduction of the gold-for-oil barter deal championed by the Vice President, Dr. Mahamudu Bawumia.

The former NPP Member of Parliament for Ayensuano Constituency in the Eastern Region and the Eastern Regional Coordinator for Alan for President 2024 campaign took issues with the much-touted deal when he spoke on on Accra 100.5 FM on Monday, March 27, 2023.

He said the deal is not a novelty but an archaic trade system halted by Gold Coast governor Gordon Guggisberg.

He said the barter trade system was cancelled by Guggisberg but the Vice President is out there patting himself on the back that it is the only deal that will ensure prices go down at the pumps.

“Barter trade did not serve any meaningful purpose and that was why the colonial government stopped it,” he stressed.

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