Calls made to the Vice President Dr Mahamudu Bawumia to speak on the economic challenges clearly show that Ghanaians believe in him and always want to hear from him, a former Member of Parliament for Ledzokuku, Dr Bernard Okoe-Boye has said.
Dr Okoe-Boye said on the Key Points on TV3 Saturday April 9 that the Vice President was excellent in his public address on the economy which delivered on Thursday April 7.
“I am happy that in this country there is soo much faith in Dr Mahamudu Bawumia such that when there are challenges in the economy, the average man on the street says that he wants to here from him. That is an indication that there is a lot of confidence in him.
“Hours before he spoke the whole Ghana, when you go on social media and everybody wanted to listen to him. That is a very good sign for a leader and a politicians.”
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.”