Russia’s invasion of Ukraine triggered a shock to commodities markets globally and has sent the prices of essential goods such asand oil skyrocketing across Africa. Ghana has seen inflation rise to 15.7 per cent amid a hike in fuel prices and a near 16 per cent loss in the value of its currency, the cedi, against the dollar this year. In a bid to cushion the economic bite, the Ghanaian government last week announced a series of fiscal measures to sustain public finances.
“If we look at the world today, there are two clear forces shaping global events: the impact of the novel coronavirus pandemic and the crisis in Ukraine,” Ghanaian Finance Minister Ken Ofori-Attaduring a press briefing in Accra, Ghana’s capital. “As well as threatening global peace, the war in Ukraine has had a far-reaching impact … and Africa is likely to be amongst the worst hit outside of Ukraine,” he added, referring to the impact on world economies.
Source: Financial Digest (financialdigest.net)
No. We are not Europeans
🤔🤔
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Hunger, inflation, manpower loss looms in Africa as Russia, Ukraine war rages - Ex-Envoy warnsFormer Nigerian Ambassador to Ukraine, Mr. Frank Isoh, has advised the United Nations and the world's superpowers to prevent the Russia/Ukraine war from Running over terrorists attacks in kaduna
Source: DailyPostNGR - 🏆 11. / 59 Read more »
Dangote refinery’ll drive industrial revolution in Africa –FG - Punch NewspapersThe most widely read newspaper in Nigeria FG without shame, the four refinaries we have what happened to them ? Ibeto cement wanted to flood the market with his cement selling at $1 per bag . This same idiots refused to grant him license just because Dangote and co . are greasing their palm. The four refinaries would have employed not less than 1 million people including those selling food around the places where these refinaries are located and somehow unemployment would reduce. But NO ,Nigerians don't deserve any good thing from the govt. How long have u be be living with Diabetes?have you given up?After u have taken several pills,expensive Diabetes remedies pills,yet,there's no changes,worry no more,I can cure Diabetes with Herbal mixture,100% effective with no side effects,don't let Diabetes disgrace u,DM 4 info
Source: MobilePunch - 🏆 8. / 63 Read more »
Aid groups say West Africa on brink of worst food crisisMore than 27 million people were already suffering from hunger in the region and that number could rise by another 11 million by June, the groups said in a joint statement.
Source: PremiumTimesng - 🏆 3. / 78 Read more »
Why Nigeria Is A Fertiliser Powerhouse In Africa - BuhariPresident Muhammadu Buhari, on Tuesday, in Abuja attributed Nigeria’s rising prominence as Africa’s fertiliser powerhouse to the implementation of the right Ewu
Source: LeadershipNGA - 🏆 4. / 77 Read more »
'Africa needs 15 million jobs by 2025 to reduce unemployment' | The Guardian Nigeria News - Nigeria and World NewsMore than 15 million decent jobs must be created for Africa by 2025 if governments are serious about making a dent in its unemployment crisis, according to a new charter launched today. The People’s Charter on Jobs in Africa – created by the Jobs Now Africa Coalition as part of its new JobsNowAfrica Campaign – […] We all need to speak against bad governance. There is no need of pretending, Nigeria is not safe again, all thanks to APC and PDP. There is no opposition to checkmate politicians again, that's why you need to support & follow AGreatNigeria3 to end bad governance in Nigeria.
Source: GuardianNigeria - 🏆 1. / 94 Read more »
Hunger, inflation, manpower loss looms in Africa as Russia, Ukraine war rages - Ex-Envoy warnsFormer Nigerian Ambassador to Ukraine, Mr. Frank Isoh, has advised the United Nations and the world's superpowers to prevent the Russia/Ukraine war from Running over terrorists attacks in kaduna
Source: DailyPostNGR - 🏆 11. / 59 Read more »