By: Eric Murphy Asare

The Public Relations Officer of the National Petroleum Authority, Mohamed Kudus, says there is going to be undertaken agreement with investors who are the suppliers under the gold for oil program in order to see the true reflection of the rise at the pomp because the gold for oil supply is cheaper than the parasailing market price.

According to him, it has been revealed through their monitoring that some of the marketing companies did not use the approved undertaken agreement signed between the suppliers and the retailers and that has created tension against oil marketing companies.

He said the NPA is working to make sure that benefits do not end with the business men but rather the consumer while adding that the over forty thousand first consignment of the program was only diesel and that the expected consignment will include crude oil even though he is unable to give the exact date for the arrival of the next consignment, he optimistic the arrival should be this month.

He said the basic medium of the supply of the oil has exception, in the event that the supplier is not willing to take gold in it form, Bank of Ghana is allowed to take the gold and get a broker who will take the gold and convert it into cash for the supplier, he told Omanhene on Sompa Tv

Source//Sompaonline.com