{"id":57078,"date":"2023-04-12T06:26:02","date_gmt":"2023-04-12T06:26:02","guid":{"rendered":"https:\/\/www.ghanamma.com\/2023\/04\/12\/gold-for-oil-a-possible-cause-of-goils-petrol-shortage\/"},"modified":"2023-04-12T06:26:02","modified_gmt":"2023-04-12T06:26:02","slug":"gold-for-oil-a-possible-cause-of-goils-petrol-shortage","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2023\/04\/12\/gold-for-oil-a-possible-cause-of-goils-petrol-shortage\/","title":{"rendered":"Gold for oil a possible cause of GOIL&#8217;s petrol shortage"},"content":{"rendered":"<p><\/p>\n<div>\n<p>The Chamber of Petroleum Consumers (COPEC) has blamed the mode of implementation of the Gold for Oil Policy for the likely shortage of fuel at some GOIL fuel stations.<\/p>\n<p>Citi News checks at some GOIL fuel stations at Tudu, 37, Tantra hill in Accra and some other pumps across the country show that GOIL has been lacking fuel, most specifically \u2013 Petrol.<\/p>\n<p>Reacting to the development on <strong>Eyewitness News<\/strong> on <strong>Citi FM<\/strong>, the Executive Secretary of COPEC, Duncan Amoah said the Gold for Oil Policy has disrupted the market and may have caused the shortage.<\/p>\n<p>\u201cIf you are asking cash for Gold for Oil products when the other traders could simply bring them products on credit, you will simply lead to market disruptions.<\/p>\n<p>\u201cI will not be surprised to see that at some point we will abandon the programme altogether because it probably might not be bad if you look at the premise of it trying to save the forex situation but as to whether the module where you bring in so much documentation before you are able to buy the products before that you need to make available ready cash, the market does not operate like that.\u201d<\/p>\n<p><div class=\"youtube-embed\" data-video_id=\"ayAcur2Yr3M\"><iframe loading=\"lazy\" title=\"Gold for Oil policy to reduce Ghana&#039;s demand for forex - Vice President | Citi Newsroom\" width=\"696\" height=\"392\" src=\"https:\/\/www.youtube.com\/embed\/ayAcur2Yr3M?feature=oembed&#038;enablejsapi=1\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" allowfullscreen><\/iframe><\/div>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The Chamber of Petroleum Consumers (COPEC) has blamed the mode of implementation of the Gold for Oil Policy for the likely shortage of fuel at some GOIL fuel stations. Citi News checks at some GOIL fuel stations at Tudu, 37, Tantra hill in Accra and some other pumps across the country show that GOIL has [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":11314,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[],"class_list":["post-57078","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Gold for oil a possible cause of GOIL&#039;s petrol shortage - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2023\/04\/12\/gold-for-oil-a-possible-cause-of-goils-petrol-shortage\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Gold for oil a possible cause of GOIL&#039;s petrol shortage - Ghanamma.com\" \/>\n<meta property=\"og:description\" content=\"The Chamber of Petroleum Consumers (COPEC) has blamed the mode of implementation of the Gold for Oil Policy for the likely shortage of fuel at some GOIL fuel stations. Citi News checks at some GOIL fuel stations at Tudu, 37, Tantra hill in Accra and some other pumps across the country show that GOIL has [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.ghanamma.com\/2023\/04\/12\/gold-for-oil-a-possible-cause-of-goils-petrol-shortage\/\" \/>\n<meta property=\"og:site_name\" content=\"Ghanamma.com\" \/>\n<meta property=\"article:published_time\" content=\"2023-04-12T06:26:02+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.ghanamma.com\/2023\/wp-content\/uploads\/2023\/01\/fuel-hikes-again.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Ghana News\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Ghana News\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.ghanamma.com\/2023\/04\/12\/gold-for-oil-a-possible-cause-of-goils-petrol-shortage\/\",\"url\":\"https:\/\/www.ghanamma.com\/2023\/04\/12\/gold-for-oil-a-possible-cause-of-goils-petrol-shortage\/\",\"name\":\"Gold for oil a possible cause of GOIL's petrol shortage - Ghanamma.com\",\"isPartOf\":{\"@id\":\"https:\/\/www.ghanamma.com\/2023\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.ghanamma.com\/2023\/04\/12\/gold-for-oil-a-possible-cause-of-goils-petrol-shortage\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.ghanamma.com\/2023\/04\/12\/gold-for-oil-a-possible-cause-of-goils-petrol-shortage\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.ghanamma.com\/2023\/wp-content\/uploads\/2023\/01\/fuel-hikes-again.jpg\",\"datePublished\":\"2023-04-12T06:26:02+00:00\",\"dateModified\":\"2023-04-12T06:26:02+00:00\",\"author\":{\"@id\":\"https:\/\/www.ghanamma.com\/2023\/#\/schema\/person\/6f91dab2e50bbbfe895c93e7e84e7f74\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.ghanamma.com\/2023\/04\/12\/gold-for-oil-a-possible-cause-of-goils-petrol-shortage\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.ghanamma.com\/2023\/04\/12\/gold-for-oil-a-possible-cause-of-goils-petrol-shortage\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.ghanamma.com\/2023\/04\/12\/gold-for-oil-a-possible-cause-of-goils-petrol-shortage\/#primaryimage\",\"url\":\"https:\/\/www.ghanamma.com\/2023\/wp-content\/uploads\/2023\/01\/fuel-hikes-again.jpg\",\"contentUrl\":\"https:\/\/www.ghanamma.com\/2023\/wp-content\/uploads\/2023\/01\/fuel-hikes-again.jpg\",\"width\":1200,\"height\":630},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.ghanamma.com\/2023\/04\/12\/gold-for-oil-a-possible-cause-of-goils-petrol-shortage\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.ghanamma.com\/2023\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Gold for oil a possible cause of GOIL&#8217;s petrol shortage\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.ghanamma.com\/2023\/#website\",\"url\":\"https:\/\/www.ghanamma.com\/2023\/\",\"name\":\"Ghanamma.com\",\"description\":\"Ghana mma provides breaking news, top stories in Ghana, Africa, business, entertainment, politics and more.\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.ghanamma.com\/2023\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.ghanamma.com\/2023\/#\/schema\/person\/6f91dab2e50bbbfe895c93e7e84e7f74\",\"name\":\"Ghana News\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.ghanamma.com\/2023\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/22cb97c2b08df229330efb2b8c2645feaae8d3ca3ee434035fbb668b5b82f570?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/22cb97c2b08df229330efb2b8c2645feaae8d3ca3ee434035fbb668b5b82f570?s=96&d=mm&r=g\",\"caption\":\"Ghana News\"},\"sameAs\":[\"https:\/\/www.ghanamma.com\/2023\"],\"url\":\"https:\/\/www.ghanamma.com\/2023\/author\/ghanamma\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Gold for oil a possible cause of GOIL's petrol shortage - Ghanamma.com","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.ghanamma.com\/2023\/04\/12\/gold-for-oil-a-possible-cause-of-goils-petrol-shortage\/","og_locale":"en_US","og_type":"article","og_title":"Gold for oil a possible cause of GOIL's petrol shortage - Ghanamma.com","og_description":"The Chamber of Petroleum Consumers (COPEC) has blamed the mode of implementation of the Gold for Oil Policy for the likely shortage of fuel at some GOIL fuel stations. Citi News checks at some GOIL fuel stations at Tudu, 37, Tantra hill in Accra and some other pumps across the country show that GOIL has [&hellip;]","og_url":"https:\/\/www.ghanamma.com\/2023\/04\/12\/gold-for-oil-a-possible-cause-of-goils-petrol-shortage\/","og_site_name":"Ghanamma.com","article_published_time":"2023-04-12T06:26:02+00:00","og_image":[{"width":1200,"height":630,"url":"https:\/\/www.ghanamma.com\/2023\/wp-content\/uploads\/2023\/01\/fuel-hikes-again.jpg","type":"image\/jpeg"}],"author":"Ghana News","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Ghana News","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.ghanamma.com\/2023\/04\/12\/gold-for-oil-a-possible-cause-of-goils-petrol-shortage\/","url":"https:\/\/www.ghanamma.com\/2023\/04\/12\/gold-for-oil-a-possible-cause-of-goils-petrol-shortage\/","name":"Gold for oil a possible cause of GOIL's petrol shortage - Ghanamma.com","isPartOf":{"@id":"https:\/\/www.ghanamma.com\/2023\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.ghanamma.com\/2023\/04\/12\/gold-for-oil-a-possible-cause-of-goils-petrol-shortage\/#primaryimage"},"image":{"@id":"https:\/\/www.ghanamma.com\/2023\/04\/12\/gold-for-oil-a-possible-cause-of-goils-petrol-shortage\/#primaryimage"},"thumbnailUrl":"https:\/\/www.ghanamma.com\/2023\/wp-content\/uploads\/2023\/01\/fuel-hikes-again.jpg","datePublished":"2023-04-12T06:26:02+00:00","dateModified":"2023-04-12T06:26:02+00:00","author":{"@id":"https:\/\/www.ghanamma.com\/2023\/#\/schema\/person\/6f91dab2e50bbbfe895c93e7e84e7f74"},"breadcrumb":{"@id":"https:\/\/www.ghanamma.com\/2023\/04\/12\/gold-for-oil-a-possible-cause-of-goils-petrol-shortage\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.ghanamma.com\/2023\/04\/12\/gold-for-oil-a-possible-cause-of-goils-petrol-shortage\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.ghanamma.com\/2023\/04\/12\/gold-for-oil-a-possible-cause-of-goils-petrol-shortage\/#primaryimage","url":"https:\/\/www.ghanamma.com\/2023\/wp-content\/uploads\/2023\/01\/fuel-hikes-again.jpg","contentUrl":"https:\/\/www.ghanamma.com\/2023\/wp-content\/uploads\/2023\/01\/fuel-hikes-again.jpg","width":1200,"height":630},{"@type":"BreadcrumbList","@id":"https:\/\/www.ghanamma.com\/2023\/04\/12\/gold-for-oil-a-possible-cause-of-goils-petrol-shortage\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.ghanamma.com\/2023\/"},{"@type":"ListItem","position":2,"name":"Gold for oil a possible cause of GOIL&#8217;s petrol shortage"}]},{"@type":"WebSite","@id":"https:\/\/www.ghanamma.com\/2023\/#website","url":"https:\/\/www.ghanamma.com\/2023\/","name":"Ghanamma.com","description":"Ghana mma provides breaking news, top stories in Ghana, Africa, business, entertainment, politics and more.","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.ghanamma.com\/2023\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.ghanamma.com\/2023\/#\/schema\/person\/6f91dab2e50bbbfe895c93e7e84e7f74","name":"Ghana News","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.ghanamma.com\/2023\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/22cb97c2b08df229330efb2b8c2645feaae8d3ca3ee434035fbb668b5b82f570?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/22cb97c2b08df229330efb2b8c2645feaae8d3ca3ee434035fbb668b5b82f570?s=96&d=mm&r=g","caption":"Ghana News"},"sameAs":["https:\/\/www.ghanamma.com\/2023"],"url":"https:\/\/www.ghanamma.com\/2023\/author\/ghanamma\/"}]}},"_links":{"self":[{"href":"https:\/\/www.ghanamma.com\/2023\/wp-json\/wp\/v2\/posts\/57078","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ghanamma.com\/2023\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ghanamma.com\/2023\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2023\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2023\/wp-json\/wp\/v2\/comments?post=57078"}],"version-history":[{"count":0,"href":"https:\/\/www.ghanamma.com\/2023\/wp-json\/wp\/v2\/posts\/57078\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2023\/wp-json\/wp\/v2\/media\/11314"}],"wp:attachment":[{"href":"https:\/\/www.ghanamma.com\/2023\/wp-json\/wp\/v2\/media?parent=57078"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2023\/wp-json\/wp\/v2\/categories?post=57078"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2023\/wp-json\/wp\/v2\/tags?post=57078"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}