• Tue. Aug 9th, 2022

Russian-Ukraine war started last February but it is now been blamed for hardship in Ghana – Terkper

Former Finance Minister Seth Terkper has criticized government leaders, notably Vice President Mahamudu Bawumia, for blaming the Russia-Ukraine War for Ghana’s current economic difficulties.

Even though Russia’s invasion of Ukraine only began in February, the ex-finance minister claims that the conflict is not to be blame for all of Ghana’s current hardships, which are the product of the government’s four-year failure.

He stated that the dispute between the two countries has not yet had an influence on Ghana, but that if the conflict continues for a long time, the country will be in grave danger.

“Remember that the Russia-Ukraine conflict began in late February (less than a month ago) and is being blamed for the shortcomings of the previous four years?” God forbid, but how prepared are we for the full impact of a prolonged war in the coming weeks and months?” Terkper published the following tweet on April 7, 2022:

Terkper, on the other hand, praised Dr. Bawumia for recognizing the John Dramani Maham administration’s commitment to the development of Ghana’s infrastructure.

“… I am grateful to the President for emphasizing the NDC’s debt-stock projects. He basically disproved the idea that our debt was backed by no significant assets or infrastructure. “Remember, not long ago, they were denied existence,” he remarked.

During his remarks at the National TESCO Conference, Dr. Mahamudu Bawumia stated that the Russia-Ukraine conflict has exacerbated the increase in food prices.

“Russia and Ukraine account for 30% of world wheat exports; the longer the conflict continues, the more global food supply will be disrupted,” Dr. Bawumia stated.

He also stated that the conflict between Russia and Ukraine has led in an increase in gasoline prices, which has impacted the cost of transportation as well as other goods and services.

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