Vice President Dr Mahamudu Bawumia has admitted the challenges and economic hardship Ghanaians are going through.
“From the man on the streets to the business mogul, the food we eat, the clothes we wear, the shelter we seek or have, to the benevolence we extend to friends and family, the health of the economy is the cardinal instrument. To bring this home, essentially the economy is what we feel in our pockets. I acknowledge that times are hard. This is the reality irrespective of the cause . . . Today our economy is witnessing rising prices of fuel, and virtually all commodities like bread, rice, sugar, sachet water, cement, iron rods, and so on . . . Even the price of my favorite 'Kofi Brokeman' and kenkey are seeing price increases. These are the stark realities that confront us today, ” he said.
Speaking at a conference held by TESCON, the student wing of the New Patriotic Party (NPP) on Thursday, April 7, he attributed the cause of the economic challenges to the Russia/Ukraine war and the COVID-19 pandemic.
According to him, Ghana "is directly affected by the Russia-Ukraine war" however, government has introduced measures to reduce the hardship.
“The increase in commodity prices has been exacerbated by the Russia-Ukraine conflict. The longer the conflict the greater will be the disruptions to global food supply. In Ghana for example, 30% of our cereal grains, wheat flour and fertilizer is from Russia. 60% of iron rods and metal sheets imports is from Ukraine. 20% of Ghana's manganese exports is to Ukraine. . . So we are directly affected by the Russia-Ukraine war. Unfortunately, we do not know when it will be over..." he added.
Source: Peacefmonline.com
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Kojo you are the most ***barred word*** and ***barred word***. What the man did today is the most comprehensive and accurate state of events. It takes deep thinking people to understand what the man said but not people like you.
why do some Ghanaians still defend ***barred word*** and incompetent failures? he can even graduate from mars but as ***barred word*** as anything one can imagine, this is the worse government with real ***barred word*** people who parade as intellectuals, always giving ***barred word*** lectures but nothing to show, except feed on the people like parasites we need think tanks and REAL leaders not orators we are sick and tired of npp and ndc ***barred word***...
GREAT DELIVERY EXCELLENT GREAT LEADER NORTH AMERICAN TRAINED YOU WENT TO GREAT SCHOOLS IN OVERSEAS FROM QUEEN MARY UNIVERSITY WITH DITINCTION TO GREAT CANADIAN UNIVERSITY FRASER INSTITUTE, AND TAUGHT IN AMERICA UNIVERSITY. LET TELL NDC JOHN THIEVE MAHAMA IS NOT EVEN IN YOUR LEAGUE AM REMINDING NDC ARROGANNNT, IGNOOORACE, UNRUULY. PEOPLE NOT TO TRY TO MAKE COMPARISM. MAHAMA WAS COMMUNICATION MAJOR NOTHING TO YOU AS ECONOMIES BACKGROUND. IT WAS SAME FRASER INSTITUTE THAT FORMER CANADIAN GOVERNOR OF BANK OF ENGLAND AND BANK OF CANADA WENT GREAT SCHOOL KARNEY TO BE PRECISE.