Former Member of Parliament (MP) for New Edubiase, Mr. George Boahen Oduro, has blamed the country’s economic woes on the turf war between Russia and Ukraine.
He reiterated that Ghana has been directly affected by the ongoing geopolitical tension between Russia and Ukraine.
The former lawmaker explained that Russia accounts for some 30% of Ghana’s imported grains, 50% of flour, and 39% of fertilizer.
“The increase in commodity prices has been exacerbated by the Russia-Ukraine conflict. Russia and Ukraine together account for 30% of the global wheat export. The longer the conflict the greater will be the disruptions to the global food supply. The country is also likely to slow global growth.
Russia accounts for some 30% of Ghana’s imported grains, 50% of flour, and 39% of fertilizer. So, we are directly affected by the Russia-Ukraine war. Unfortunately, we do not know when it will be over. The global increase in fuel prices is causing hardship,” the Vice President of the Republic of Ghana maintained.
He further admitted that he recognizes that the country is going through some challenges at the moment.
Source: Richard Obeng Bediako/Kingdomfmonline.com