The absence of Africa from the geopolitical and economic landscape of the world has been bemoaned by President Nana Akufo-Addo.
In order to support his claim that Africa typically bears the brunt of major global disruptions, he mentioned the COVID-19 vaccination instance and the Russia-Ukraine war.
“We see that Ghana has been left to fend for itself as a result of the most recent catastrophe to hit humanity, including COVID-19 and the conflict between Russia and Ukraine.
He emphasized that during the pandemic, “even access to vaccines became a huge problem for the African continent. We have seen it again with the war in Eastern Europe.”
Over the weekend, Akufo-Addo spoke in Germany at the Munich Security Conference.
He was on the same panel as Bill Gates and IMF boss, Kristalina Georgieva and others.
The Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva for her part underscored that the Ghanaian economy was in good shape till COVID-19 struck, followed by the Russia-Ukraine war.
“We recognize that we are in a world in which exogenous shocks more often than before, hit innocent bystanders. Ghana has been working toward good policies for quite some time and then COVID-19 and the Russia-Ukraine war hit and that significantly undermined Ghana.”
Ghana is currently engaging the Fund for a $3 billion loan facility to complement its economic mix which was worsened by the two events even though the opposition blames mismanagement of the economy for the downturn.
