Leader Director of the Media Foundation for West Africa has recognized the effect of the Russia-Ukraine war and Covid-19 on the Ghanaian economy.
As per him, albeit the two outer elements contributed, bungle is the explanation the economy is kneeling down.
Talking on the news survey on Joy News' 'AM show' he noticed that monies got at the pinnacle of Covid-19 were abused.
"Russia-Ukraine and the worldwide emergency, most importantly, is something that one can't wish away by any means. To be sure the Russian attack of Ukraine affects economies, food costs, fuel costs and I don't think we are an island with that impact so we have additionally been hit somewhat.
"Past that, the worldwide emergency exuding from Covid and others, even in the US, UK the high level social orders expansion is going up, costs have gone up and that so unquestionably there an affects us from all of that. Nonetheless, it's about how we have dealt with our own illicit relationships.
"At the point when you take a gander at Covid for instance, which we fault for a portion of the issues that we have; indeed, ventures, lodgings a great deal of them were closed down, the traveler area shut down and all of that, however we had a lot of cash from the emergency.
"IMF alone gave us about US $2.4 billion. The World Bank has said it gave countless dollars because of the pandemic. How could we deal with that? We screwed up.
"We considered it to be a potential chance to accumulate riches, to scatter assets and to steal supports through entertaining plans like say giving hot dinners to poor people and granting off-putting agreements for fumigation when we realize that fumigation can do nothing with regards to what was going on.
We considered it to be a valuable chance to steal finances through off-putting agreements what not. Thus indeed, we can discuss worldwide emergency, yet we had our chance during the emergency and we wrecked it, he underlined.
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