United Nations food index has vindicated the claims made by the vice president Dr. Mahamudu Bawumia with his over 3 hours of lectures that's has generated thunderous reactions from Ghanaians.
Many Ghanaians have been doing their cross-checking and analysis and I have realized that most of the things that were put out were credible, they were factual, you can go and check it to see that indeed whether inflation has not been rising.
Indeed if you’ll not find before 2019 inflation got into single digits and that is around 7.5 the average of about 7.6% over the three previous years.
The war has cut off supplies from the world’s biggest exporter of sunflower oil which means the costs of alternatives have also climbed.
Ukraine is also a major producer of cereals such as maize and wheat which have risen sharply in price too.
The UN said, “war in the Black Sea region spread shocks through markets for staple grains and vegetable oils”.
Food prices are at their elevated high since records began 60 years ago according to the index, which jumped nearly 13% in March, following February’s record high.
The UN Food Prices Index tracks the world’s most-traded food commodities assessing the intermediate prices of cereal, vegetable oil, dairy, meat, and sugar to the war on Ukraine.
The head and chairman of the economic management team of the Nana Addo-led government Dr. Mahamadu Bawumia though raised controversially inaccurate information about the Ghanaian economy, but the pivotal aspect of his presentational lectures has been vindicated with the comment from The United Nations respectively.
Do you agree with the revelation made by the United Nations?