The New Patriotic Party (NPP) has dismissed recent claims by policy think tank IMANI Africa that Ghana’s Gold-for-Oil (G4O) initiative weakened the financial standing of the Bulk Oil Storage and Transportation Company Limited (BOST) and failed to deliver on its intended objectives. Stronger Financial Performance for BOSTAccording to the NPP, BOST’s profitability improved significantly during the implementation of the Gold-for-Oil programme. Profit after tax in 2024 stood at GH¢398 million, almost double the GH¢208 million recorded in 2023. “This was a time-bound intervention that achieved its purpose during a critical phase of Ghana’s economic recovery,” the NPP stressed. “These figures represent the costs of stabilising forex supply to facilitate Gold-for-Oil imports, not evidence of diversion,” the party clarified.