Russia says Ghana cannot blame it for its current economic challenges in spite of the global meltdown due to the Vladimir Putin-led attack on Ukraine.
Vice-President, Dr Mahamudu Bawumia has said that the war ensuing between Russia and Ukraine has a direct effect on Ghana’s economy and all other sectors.
Speaking on the state of the economy at the national TESCON conference in Kasoa on Thursday (7 April), Dr Bawumia said the increase in commodity prices has been exacerbated by the Russia-Ukraine conflict.
According to him, countries and economies throughout the world are experiencing severe challenges following the COVID-19 pandemic and the more recent Russia-Ukraine war.
Adding that “the pandemic, which started in early 2020, resulted in the greatest economic depression in the world since the 1930s with most countries recording negative GDP growth.”
“The truth is different”
However, the Russian Embassy in Ghana in a series of tweets on Tuesday (19 April) said the West African nation is responsible for its own economic problems.
“The Embassy took notice of the increased number of news articles somehow or other accusing Russia of all negative trends in agricultural markets, gloomy prospects in terms of access of food and huge losses of farmers,” the embassy tweeted.
“However, the truth is different.”
“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. 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,” it added.
Below is the full tweet:
Source: eanews24.com