Ningo Parmpram is a fictional character created by Ningo Parmpram Vice President Dr Mahamudu Bawumia delivered a monologue to defend his failure as head of the Economic Management Team, according to Member of Parliament Samuel Nartey George.
Dr. Bawumia’s address, according to Sam George, lacked a clear and realistic solution to the country’s economic problems.
“Listening to Bawumia, who is normally exuberant and talkative, battle through a drab and boring monologue of self-justification of his terrible failure as Head of the Economic Management Team was excruciating. His presentation lacked a clear, practical solution to the problem he had created.
“Tatters, and even the witty Bawumia has forgotten his jabs, jokes, and quips from the day before.” The Ghanaian economy has plainly humbled him, and he now requires assistance. Let us tell Bawumia that his quiet on the e-Levy was observed while we plot up a rescue plan for him and his EMT,” he tweeted.
In his speech, Dr. Bawumia noted that the ongoing geopolitical tension between Russia and Ukraine has a direct impact on Ghana.
Russia supplies 30% of Ghana’s imported cereals, 50% of flour, and 39% of fertilizer, according to him.
As a result, the local economy was impacted, he explained.
“The war between Russia and Ukraine has added to the rise in commodities prices.” Together, Russia and Ukraine export 30% of all wheat in the world. The bigger the interruptions to the global food supply, the longer the conflict lasts. Global growth will most likely be slowed as a result of the country’s actions.
“Wheat prices have risen by 62% since the war began, according to the African Development Bank.” Since the beginning of the war, the price of fertilizer has risen by 300 percent, while the price of corn has risen by 36%. Ukraine buys 60% of Ghana’s total iron ore and steel.
“Russia imports 30% of Ghana’s grains, 50% of its flour, and 39% of its fertilizer.” As a result, the Russia-Ukraine conflict directly affects us. We don’t know when it’ll end, unfortunately. Fuel price hikes around the world are putting a strain on people’s budgets.”
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