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Russia proves invasion of Ukraine did not cause Ghana’s economic troubles

Russia, however, has denied the claim made by the Ghanaian government. The Russian Embassy in Ghana has provided proof that the rise in food prices is not the result of the invasion of Ukraine.

On July 1, the Russian Embassy posted the first tweet regarding the situation. Russia’s embassy in Ghana tweeted that it was incorrect to hold it responsible for rising food costs on the continent of Africa.

The Embassy claimed that the Ghanaian media had fallen into a Western plot to accuse Russia of driving up food prices globally.

The Russian Embassy asserted in its most recent tweet on Tuesday, July 26, 2022, that the invasion of Ukraine had nothing to do with Ghana’s economic difficulties by listing a comprehensive list of imports from other nations.

The NPP government is adept at resolving crises, according to Ghana’s Finance Minister, Ken Ofori-Atta, who guaranteed President Akufo-Addo that the current economic difficulties brought on by the COVID-19 pandemic and the Russia-Ukraine war will be resolved.

On Monday, July 25, he made this statement during his mid-year assessment for 2022.

He said that because of the effects of the two global crises, Ghana turned to an IMF program in spite of numerous promises to refrain from doing so.

“Yes, I know this Government promised the country a Ghana beyond Aid, and our plans and programs for economic transformation have been geared to achieve just that, and in fact, I did state that Ghana would not enter an IMF programme,” he added.

According to Mr. Ofori-Atta, “We did not just say it. We also implemented a number of irreversible measures, like as the Fiscal Responsibility Act, and launched the Ghana CARES ‘Obaatan Pa’ initiative for economic revival and transformation as other steps toward achieving that goal.

He continued by saying that in order to address the current problem, all governments had to alter their strategies. Governments who were actively promoting energy transition and the use of greener, cleaner fuels less than a year ago have now resumed operating their coal-fired power plants.

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