“The Current Situation In The Food Market Is Not A Result Of Two Months Of This Year…” – The Russian Embassy In Ghana.

The Russian government has said the Akuffo Addo government can in no way blame the Ukraine war for Ghana’s current economic state.

A couple of days ago, the Vice President of Ghana, Dr Mahamadu Bawumia made a statement which suggested that the Russia-Ukraine war had had a negative impact on West African country’s economy in these few months.

“The increase in commodity prices has been exacerbated by the Russia-Ukraine conflict. Russian and Ukraine together account for 30 percent of the global wheat export. The longer the conflict, the greater will be the disruptions to global food supply. The conflict is also likely to slow global growth..”,  Dr Bawumia said speaking at the TESCON Conference 2022 organized in collaboration with the Danquah Institute at the Pentecost Conference Centre at the Millennium City inside Kasoa, in the Cemtral Region of Ghana, on the 7th of April, 2022.

“Russia accounts for some 30 percent of Ghana’s imported grains, 50 percent of flour and 39 percent of fertilizer. So, we are directly affected by the Russo-Ukraine war. Unfortunately, we do not know when it’ll be over.”, Dr Bawumia added.

The Russian Embassy in Ghana in a series of tweet said “The current situation in the food markets is not a result of two of this year, but a steady trend of at least two years. Food prices started rising  in mid 2020and reached an all time high in February 2022.” This is a real market shock caused by high demand and rising prices of food, raw materials and transportation services, including freight, in the post-Covid re overly period,” -The Russian Embassy tweeted.