“The warring economies are responsible for 3.6 per cent of African imports. Despite the little exposure to Ukraine and Russia, constrained supply from these economies means prices of these commodities, most of which are essential, will be elevated.”
According to the economist, the war will place immense pricing and external strain on African economies, and economies such as Ghana and South Africa with floating currencies and volatile fuel prices would be adversely affected. Speaking on the nation’s upcoming general elections, they said, “A trip down memory lane shows that despite increased voter registrations, the voter turnout ratio has declined steadily since 2003.
“Beyond voter turnouts, a cursory glance at the economic outcomes of previous elections shows one clear fact – economic performance is tied largely to the performance of the oil sector.” The economist added that the recent decline in the oil sector was due to crude theft. They added that the naira would slightly depreciate towards N440/$ in the Investors and Exporters Window.All rights reserved. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior express written permission from PUNCH.
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