In an interview last Friday, the governor of the Bank of Ghana (BoG), Johnson Asiama announced the suspension of the “gold for oil” exchange program and expressed confidence in the stability of the cedi after the volatility of the year The last one.

La suspension du programme marque a major change in Ghana's economic strategy. Indeed, the initiative was initially introduced to reduce dependence on foreign currency for fuel imports and stabilize domestic fuel prices according to Asiama. Ghana obtained a $3 billion bailout from the International Monetary Fund (IMF) and underwent a debt restructuring process after defaulting on payments. Under this program, the Central Bank purchased gold in local currency and used it to barter or buy oil