We can’t underestimate impacts of COVID–19 and Russian/Ukrainian war on Ghana’s economy – Dr George Domfe - MyJoyOnline

Dr. George Domfe has emphasized the profound impact of the COVID-19 pandemic and the ongoing conflict between Russia and Ukraine on Ghana's economy. Speaking at a recent forum, he warned that these global crises have far-reaching consequences that cannot be overlooked. The pandemic disrupted supply chains and exacerbated existing economic vulnerabilities, while the war has led to rising prices for essential commodities, further straining households.

Domfe highlighted that inflation rates have surged, affecting purchasing power and pushing more citizens into poverty. He urged policymakers to adopt comprehensive strategies to mitigate these challenges, suggesting a focus on enhancing local production capabilities to reduce dependency on imports. The economist also called for targeted support for vulnerable populations who are disproportionately affected by these economic shocks.

In conclusion, Dr. Domfe stressed the importance of resilience in Ghana's economic recovery efforts, advocating for collaborative approaches among government, private sector stakeholders, and civil society to navigate these turbulent times effectively.