Carlo Sdralevich, leader of the IMF negotiation team in Ghana, has reaffirmed the government's narrative that Ghana's economic hardship is partly a result of the ongoing Ukraine-Russia war as well as the COVID-19 pandemic. Sdralevich, after meeting the various stakeholders in the country concluded that Ghana's fiscal and debt situation has severely worsened following the COVID-19 pandemic. He admitted that Russia's invasion of the territories of Ukraine is also hitting hard at a time when the country is still recovering from the COVID-19 pandemic shock. Carlo Sdralevich said, “Ghana is facing a challenging economic and social situation amid an increasingly difficult global environment. The fiscal and debt situation has severely worsened following the COVID-19 pandemic.

Source: GhanaWeb July 14, 2022 08:17 UTC