Ghana’s NPP Flagbearer Warns of Sri Lanka-Style Economic Crisis Amid Forex Shortages

Bawumia feared Sri Lanka-style food crisis as Ghana battled forex shortages

Flagbearer of the New Patriotic Party, Dr Mahamudu Bawumia, has revealed that he feared Ghana could suffer a Sri Lanka-style economic crisis as the country struggled with severe foreign exchange shortages. He said his concerns grew as Ghana battled a balance of payments crisis following the Russia-Ukraine war, which shut the country out of international capital markets and constrained access to foreign exchange. Speaking at a public event, Dr Bawumia said he was particularly concerned by de...

By Caleb Ahinakwah