Every bullet, bomb that hits a target in Ukraine hits our pocket — Akufo-Addo tells UN

President Akufo-Addo says the Russia-Ukraine war has affected the global economy, especially the economy of African countries.

 

“Two years ago, our world came to a thundering halt, as we cowered from a health pandemic from an unknown, malicious virus, coupled with a devastating global economic pandemic. High budget deficits were no longer a concern of only developing nations.

“By 2021, COVID-19 had pushed Africa into the worst recession for half a century. A slump in productivity and revenues, increased pressures on spending and spiraling public debts confronted us without relent,” he submitted.

In the specific case of the Russian invasion, even though Moscow insists it was a military operation, Akufo-Addo stated: “As we grappled with these economic challenges, Russia’s invasion of Ukraine burst upon us, aggravating an already difficult situation.

“It is not just the dismay that we feel at seeing such deliberate devastation of cities and towns in Europe in the year 2022, we are feeling this war directly in our lives in Africa.

“Every bullet, every bomb, every shell that hits a target in Ukraine, hits our pockets and our economies in Africa. The economic turmoil is global with inflation as the number one enemy this year,” he added.

Thank You For Your Comment On Adepanews.com