Ningo Parmpram Member of Parliament Samuel Nartey George has said the Vice President Dr Mahamudu Bawumia engaged in a monologue to justify his failure as head of the Economic Management Team.
In the view of Sam George, Dr Bawumia’s presentation lacked a clear workable solution to the economic challenges facing the country.
“It was painful listening to the usually boisterous and loquacious Bawumia battle through a drab and uninspiring monologue of self justification of his abysmal failure as Head of the Economic Management Team. His presentation lacked a clear workable solution to the mess he
“tatters and even the jestful Bawumia forgot his jabs, jokes & quibs yesterday. He clearly has been humbled by the Ghanaian economy and he needs a bail-out. Whilst we figure out a rescue plan for Bawumia & his EMT, let us remind him that his silence on the e-Levy was noticed,” he tweeted.
Dr Bawumia in his address said among other things that Ghana is directly affected by the ongoing geopolitical tension between Russia and Ukraine.
He explained that Russia accounts for some 30 per cent of Ghana’s imported grains , 50 per cent of flour and 39 per cent 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 per cent of the global wheat export. The longer the conflict the greater will be the disruptions to 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 per cent since the war begun. The price of fertilizer is up by 300 per cent, the price of maize is up by 36 per cent since the war begin . Here in Ghana 60 per cent of our total imports of iron ore and steel are from Ukraine.
“Russia accounts for some 30 per cent of Ghana’s imported grains, 50 per cent of flour and 39 per cent of fertilizer . So we are directly affected by the Russia-Ukraine ware. Unfortunately, we do not know when it will be over. The global increase in fuel prices is causing hardship.”
By Laud Nartey|3news.com|Ghana