"Ghanaians Were Suffering Long Before Russia-Ukraine Conflict" – Mahama Tells Akufo-Addo
Former President John Dramani Mahama has said the ongoing geopolitical tension between Russia and Ukraine cannot be the reason Ghanaians are suffering.
He indicated that the people of Ghana were struggling due to the bad economic management by President Akufo-Addo way before the outbreak of the warfare.
In a presentation he made titled “Ghana at Crossroad” on Monday, May 2, he said “The Russia-Ukraine conflict cannot possibly, be responsible for the suffering we are going through.
“The sufferings Ghanaians are going through predate the war. Before these conflicts, our currency had already been depreciating and was impacting negatively on fuel and commodity prices in our markets, fuel prices have gone up on more than forty different occasions since 2017, long before Russia and Ukraine started fighting.”
He stated while addressing TESCON members on Thursday, April 7 that Russia accounts for some 30 percent of Ghana’s imported grains, 50 percent of flour, and 39 percent of fertilizer.
The warfare, therefore, affected the local economy, he said.
“The increase in commodity prices has been exacerbated by the Russia-Ukraine conflict. Russia and Ukraine together account for 30 percent 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.
“According to the AfDB, the price of wheat has shot up by 62 percent since the war began.
The price of fertilizer is up by 300 percent, and the price of maize is up by 36 percent since the war began. Here in Ghana, 60 percent of our total imports of iron ore and steel are from Ukraine.
“Russia accounts for some 30 percent of Ghana’s imported grains, 50 percent of flour, and 39 percent 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 Russian Embassy in Ghana took exception to the attribution of the current economic crisis across the globe to the Vladimir Putin-led invasion of Ukraine in February.
“However, the truth is different,” the Embassy said in a tweet on Monday.
“The Embassy wishes to shed some light on the roots and drivers of this crisis and provide a comprehensive and objective analysis without emotions and political prejudice.”
In a thread to the main tweet, Kremlin’s representative in Accra explained that the current situation in the food market, for instance, started two years ago and is “not a result of two months of this year”.
Story by: Laud Nartey