Gold for oil approval must go before Parliament – John Mahama
Former President John Dramani Mahama said the government should put before Parliament, the gold for oil agreement for parliamentary scrutiny and approval because the deal is an international financial transaction.
“According to Ghana’s 1992 Constitution international financial transactions require the approval of Parliament,” he said at a public forum in London, adding “it does not matter if the gold for oil deal is a barter trade.”
Speaking in response to questions at the forum, which was attended by members of the British & Irish Party of the National Democratic Congress (NDC), President Mahama cited the Sinohydro agreement that exchanged the country’s bauxite for infrastructure development by China as a classic example of the dough. trade.
Furthermore, he explained that if the Sinohydro agreement is a barter agreement and goes to Parliament for approval, because of international financial transactions, why is there no agreement now that Ghana’s gold is exchanged for oil.
The former President noted that the deal is currently shrouded in secrecy with only government officials involved in the transaction knowing the details, describing the development as unacceptable.
“There is a lack of transparency about these transactions, and this is one of the main problems with this government. They hide everything and do what they want,” he said.
Mr. Mahama is confident that with parliamentary scrutiny, Ghanaians will get their money’s worth in the gold-for-oil deal and also know the beneficial owners behind the transaction.
Gold submission for oil deal must go before Parliament – John Mahama appeared first on Citinewsroom – Comprehensive News in Ghana.
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