Local News

Russia-Ukraine War: Economic Effects Hit Ghanaians Hard, But Scepticism Dominates Public Opinion

Written by Promoter

The UN and other international organisations are united in their analysis that the disruptions caused by the Russian-Ukraine war were pounding economies across the globe.

But in Ghana, public opinion about the extent of the effect of the military conflict is dominated by scepticism. YEN.com.gh sampled the views of ordinary citizens on the war for this report.

Since March 2022, the government of Ghana has not missed an opportunity to remind citizens that the Russia-Ukraine War was decimating the economy.

Food inflation, high cost of fuel, and depreciating cedi, the key drivers of hardship in the country, have all been linked to the war.

Before the war, however, Ghana like many countries in Africa, was reeling under the weight of hardships caused by the global pandemic. In fact, by March 10, the World Bank said Ghana was at high risk of debt distress.

The effects of the war have been trumpeted quite loudly by the government.

But before that, allegations of mismanagement of Covid-19 funds, and opulence at the presidency, among others, dealt a heavy blow to public confidence in the

Nana Akufo-Addo administration to restore the economy to its glory days. Hence, the government’s reference to the recent war has not absolved it from fierce public criticism for the current economic situation.

Opinion about the war on prices of goods Solomon Frimpong is a 35-year-old food vendor.

He jointly runs an eatery with his elder sister, Matilda. Having heard about the havoc the military invasion is wreaking on economies across the globe constantly on a small radio in his kitchen, he has come to accept that war is a global catastrophe.

He said the rising cost of vegetables and other items on the market had compelled him to increase the standard pack of his food by up to GH¢5 since the start of the year.

“I believe that the war has caused all these increases in the price of foodstuff.

I am saying so because since the war everything has changed. Fuel prices have gone up so now the price of everything has also gone up,” he said.

But not many people share this view on the war. YEN.com.gh recently invited comments on

Facebook about how people’s spending on goods in the market has changed since Russia invaded Ukraine. The comments suggest that some people downplay the war’s impact.

About the author


Leave a Comment