Your economy was at that point fizzling - Russia to Akufo-Addo government
The public authority of Russia has said the Akufo-Addo government can't fault the conflict in Ukraine for Ghana's ongoing monetary emergency.
A couple of days prior, Ghana's Vice-President, Dr Mahamudu Bawumia, said the Russian-Ukraine war antagonistically affects the West African nation's economy.
Talking at the TESCON Conference 2022 coordinated in a joint effort with the Danquah Institute at the Pentecost Conference Center at the Millennium City in Kasoa in the Central Region on Thursday, 7 April 2022, Dr Bawumia said: "The expansion in product costs has been exacerbated by the Russia-Ukraine struggle. Russia and Ukraine together record for 30% of the worldwide wheat trade. The more extended the contention the more noteworthy will be the interruptions to worldwide food supply. The contention is additionally liable to slow worldwide development".
"As per the AfDB the cost of wheat has shot up by 62% since the conflict started. The cost of manure is up by 300%, the cost of maize is up by 36% since the conflict start. Here in Ghana 60% of our complete imports of iron mineral and steel are from Ukraine".
"Russia represents approximately 30% of Ghana's imported grains, 50% of flour and 39 percent of compost. In this way, we are straightforwardly impacted by the Russia-Ukraine war. Tragically, we don't have the foggiest idea when it will be finished."
He likewise added: "The worldwide expansion in fuel costs is causing difficulty."
In a progression of tweets, notwithstanding, the Embassy of Russia in Ghana said: "The ongoing circumstance in the food markets isn't an aftereffect of two months of this current year, yet a consistent pattern of no less than two years. Food costs began ascending in mid-2020 and arrived at an untouched high in February 2022".
"This is a genuine market shock brought about by appeal and rising costs on food, unrefined components, and transportation administrations, including cargo, in the post-Covid recuperation period," the Embassy tweeted.
Russia attacked Ukraine in February 2022 following the previous Soviet Union pioneer's conflict with NATO's toward the east development.
Late reports have shown that around 10,000 individuals have lost their lives following the Russia-Ukraine war.
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