MyJoyOnline
Africa · 4 hrs ago
Bawumia feared Sri Lanka-style food crisis as Ghana battled forex shortages
Flagbearer of the New Patriotic Party, Dr Mahamudu Bawumia, has revealed that he feared Ghana could suffer a Sri Lanka-style economic crisis as the country struggled with severe foreign exchange shortages.
He said his concerns grew as Ghana battled a balance of payments crisis following the Russia-Ukraine war, which shut the country out of international capital markets and constrained access to foreign exchange.
Speaking at a public event, Dr Bawumia said he was particularly concerned by…
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