Full text: Bawumia ‘s address on Ghana’s economy

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The Vice President Dr Mahamudu Bawumia has said Ghana is directly affected by the ongoing geopolitical tension between Russia and Ukraine.

He stated while addressing TESCON members on Thursday April 7 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,” he said.

Below is the his full address…

Source: 3news.com|Ghana

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