President Akufo-Addo has blamed the Ukraine-Russian war for the worsening economic situation in Ghana.Apexnewsgh.com report Ghanaians in recent times have cried tremendously following the continuous increase in fuel prices and prices of goods and services across the country. Causing the majority of Ghanaians to blame the governing NPP Akufo-Addo-Bawumia government for the current difficult situation facing the country. Meanwhile, the President when delivering his sixth State of the Nation Address to Parliament on Wednesday said, Ghana’s economy was on a journey to recovery after the COVID-19 pandemic until the invasion of Ukraine by Russia compounded the economic crisis. “The economic devastation of COVID has, since the beginning of this year, been further aggravated by the Russian invasion of Ukraine, which has worsened the economic outlook of the entire world. We, in Ghana, have not escaped this development, and the consequences are being felt in rising living costs at our markets and at fuel stations”. “The terrible events in Ukraine have a direct impact on our lives here in Ghana. Mr. Speaker, thirty percent (30%) of our wheat flour and fertilizer imports come from Russia. Sixty percent (60%) of iron rods and other metal sheets are imported from Ukraine, and almost twenty percent (20%) of Ghana’s manganese is shipped to Ukraine”. He said “The bombs might be dropping on cities half a world away but they are hitting our pockets here in Ghana. Even so, we have managed to ensure that fuel supplies have not been disrupted, unlike in several other parts of the world. “The measures that have been announced by the Minister for Finance are meant to demonstrate that we are aware that we are in difficult times, and we are addressing the situation. The belt-tightening measures being set for members of the Executive have been elaborated within this context. “This government remains alive to its responsibilities to the Ghanaian people. The difficulties of the time notwithstanding, we intend to continue to grow this economy and bring prosperity. That will only happen when we continue to invest in the future. He stressed Apexnewsgh.com/Ghana/Ngamegbulam Chidozie Stephen Please contact Apexnewsgh.com on email apexnewsgh@gmail.com for your adverts and credible news publications. Contact: 05555568093
Russia-Ukraine war is the more important reason the country even need E-levy-Afenyo-Markin
The Deputy majority leader Alexander Afenyo-Markin has said, the Russia-Ukraine war is the more important reason the country even need E-levy. He stressed, that the call to rescue Ghanaians residing in Ukraine will come at a cost to the state and put more burden on the already scarce resources hence the need to look at innovative ways to generate revenue, i.e. E-levy. The Deputy Minority leader believes the Russia-Ukraine war will affect import and export as well as the cedi because businesses will no longer be able to import from Europe, grow and pay their taxes which will ultimately affect the country’s economy. According to the MP, the passage of the E-levy in these abnormal times is the best solution to accumulate revenue for the development of the country. “There’s going to be pressure on the limited resources that we have and as a nation, Ghanaian businesses who are supposed to do well to pay taxes, they are going to suffer, their businesses will not do well the way they expect. “Their projections will be affected that is the reality and I must bring this to the attention of all of us so that any policy that will be brought will be seen in that light…if sic you are talking about e-levy this is the more important reason why we even need it.” “We should congregate around it and find a way of generating revenue as a country to save the situation because we are not in normal times,” he stressed. The Efutu MP was speaking on the floor of parliament on Thursday, 24 February 2022. Apexnewsgh.com/Ghana/Ngamegbulam Chidozie Stephen









