He justified the decision saying that the Russia-Ukraine warfare and the Covid-19 have impacted global economies including Ghana.
He said it appears there is no end in sight for the warfare between the two countries.
Speaking during the launch of the Accra Business School IT programme in Accra on Thursday, the Head of the Economic Management Team said “Following the Russia-Ukraine war, energy and food prices skyrocketed globally. In many advanced economies, inflation reached 30 and 40 year high. Inflation in Ghana has increased 29.8 per cent in June 2022, things were disrupted and shipping cost increased by over 1000 per cent, economic growth slowed down.”
Below is his full address…
By Laud Nartey|3news.com|Ghana