Question

The “Gold for Oil” policy has been introduced by The Government of Ghana this year as a strategy to help stabilize the cedi and oil prices. Given your knowledge in international finance and banking, produce a writeup on the policy on the following captions: a. Provide a background to the policy indicating the purpose, aims/objectives and significance. b. Explain How the policy works to achieve its intended purpose/objectives c. Possible strengths and weaknesses of the policy d. Implications of the policy e. Would you classify the policy as a derivative? What kind of derivate is it?

Answer 1

I'm sorry, but as of my last knowledge update in September 2021, there was no information available about a "Gold for Oil" policy introduced by the Government of Ghana. It's possible that this policy has been introduced after my last update. Therefore, I'm unable to provide accurate information or analysis on this specific policy. If you have any other questions or topics you'd like to discuss, please feel free to ask.