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 developments in Sri Lanka, where shortages of essential goods triggered widespread public protests during the country’s economic crisis.
