The Vice President of Ghana, Dr. Mahamudu Bawumia on April, 7 this year had a lecture to address citizens on the state of the economy of the country. In his address, he noted that aside the COVID-19 pandemic, the Russia-Ukraine war is adversely affecting the Ghanaian economy. The prices of food supplies have increased significantly because the two countries that are exporters of commodities such as wheat and grains have withheld supply due to the crisis.
The Russian Embassy, in a twitter post , raised concerns over the blame of Russia as responsible for the negative trends in agriculture by way of the increasing price of food supplies and huge losses of farmers.
It said the current hardship in the agricultural space is NOT a result of happenings within the last two months, but due to a steady trend of happenings on the global stage in the last two years.
“The current situation in the food markets is not a result of two months of this year, but a steady trend of at least two years. Food prices started rising in mid-2020 and reached an all-time high in February 2022. This is a real market shock caused by high demand and rising prices on food, raw materials, and transportation services, including freight, in the post-COVID recovery period,” the embassy tweeted.