President Akufo-Addo has attributed high inflation and increased food insecurity on the continent to the Russia-Ukraine war.

President Nana Addo Danquah Akufo-Addo has said the conflict between Ukraine and Russia has had a detrimental impact on African economies, leading to high inflation in African economies.

Speaking at the end of the Ukraine Peace Summit on June 16, 2024, he noted that, Ghana stands against colonialism and dominance and views Russia's aggression in Ukraine as a grave example with repercussions that extend beyond the war zone.

"We are against this idea of colonialism, of domination in the world, but in this context, we look at Russian aggression in Ukraine, the consequences of this aggression go far beyond the conflict," Akufo-Addo said.

He stressed that the conflict has had a negative impact on Africa, causing food insecurity, and disrupting supply chain activities on the continent.

"Africa became an accidental victim of this conflict, supply chains were disrupted. This has had a terrible impact on our economies, on living standards, and on high inflation. Food prices have skyrocketed and these are some of the consequences of the invasion," Akufo-Addo said.

He further expressed Ghana's interest in participating in efforts to find a solution to end the war.

"We have an interest in participating in efforts to find a solution to this conflict. A solution to the conflict must be based on a comprehensive, just, lasting peace based on the principles of international law and the UN Charter," he added.