Ernest Owusu Bempah, the Communication Director for the Ghana Gas Company Limited who doubles as the convener for the Fixing the country movement says the soar in prices of foodstuff and crude oil is a result of the ongoing Russian – Ukraine Conflict.
According to Mr. Bempah, just within a few weeks of the conflict, global wheat and crude oil prices have ascended unprecedentedly and Africa, a continent heavily dependent on food imports from both countries, is already experiencing price shocks and scarcity of these commodities.
Speaking in an interview with the media, he disclosed that while Africa is still battling the repercussions of the global COVID-19 pandemic, the Russia-Ukraine conflict has topped up its plight leading to the ailing economy of the majority of these countries, and Ghana he added is no exception.
His assertion was based on a UN report published on the 21st of April 2022 by Joseph Sacko and Ibrahim Mayaki on how the Russian – Ukraine conflict impacts Africa which states; “The conflict will likely impact food security in Africa. Both through availability and pricing in some food crops, particularly wheat and sunflower, as well as socio-economic recovery and growth, triggered by rising uncertainties in global financial markets and supply chain systems”.
He further stated that above all these the Akufo-Addo Led Government is trying its possible best to ensure that the Ghanaian economy bounces back to its former state to ease the plight of the Ghanaian people.
“The Mahama Government which did not battle any global repercussion suffered retardation how much more the Akufo-Addo government that has battled severe global recession?”, Mr. Bempah Quizzed.
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