The Group Chairman of M& C Group Global, Mr Michael Bartlett-Vander-puye, has known as on the executive to develop its engagement with main stakeholders in the extractive trade to get their buy-in sooner than rolling out the “gold-for-oil” initiative.

According him, the initiative used to be an excellent one with the poten-tial to redeem the nation from the incessant emerging price of gas; then again, its implementation should be carried out in a extra clear and all-encompassing way to verify sustainability.

“The decision by the govern-ment to experiment with this option is very laudable, but I will caution that it will be rolled out within the next two to three years. This enable extensive consultation with all stakeholders including, players in the extractive industry, political actors, civil society organ-isations and others to ensure that it becomes a national policy,” he emphasized.

Speaking to the Ghanaian Times on the sidelines of the inaugura-tion of the corporate’s ultra-mod-ern head place of job complicated and company apparel in Accra the day past, Mr Vanderpuye mentioned the good fortune or in a different way of the initiative would in large part rely on the nation’s accumulation of gold reserves.

He mentioned it could be prudent to make use of the first two years in consulta-tions whilst development the nation’s gold reserve to function a powerful spine for the initiative in the brief to medium time period after which imagine the nation proudly owning its personal mines to verify sustainability.

“Without this, the initiative may run into challenges because in a situation where the mining compa-nies decide to withdraw the selling of 20 per cent of their production to us,” he emphasized.