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Akufo-Addo explains why food prices are skyrocketing in Africa

President Nana Addo Dankwa Akufo-Addo has explained the reasons for increasing food prices in Africa.

Mr Akufo-Addo on Sunday, June 16th, 2024, at the Ukraine Peace Summit in Switzerland, addressed a pivotal moment in the collective pursuit of peace and justice.

He emphasized that the mission to seek a comprehensive, just and lasting peace for Ukraine is rooted in the principles of international law and the UN Charter.

The African continent, he noted, has been severely affected by the Russian/Ukraine War,

“We are facing additional strains on vulnerable economies and struggling to recover from the COVID-19 pandemic,” he said in his address.

He added “the blockade of the Black Sea has led to severe shortages and skyrocketing food prices, precipitating a food security crisis across Africa.

“This has resulted in a surge in the cost of living and a looming threat of hunger and malnutrition over the continent’s most vulnerable populations. The repercussions of the war extend far beyond Ukraine, threatening global stability and economic security.”

He further stated that “Sustainable peace is built on open, honest, and inclusive dialogue. By reaffirming the commitment to the rule of law, respect for national sovereignty, and protection of human rights, the Summit provided an opportunity to bridge divides and lay the groundwork for durable peace.

“The Ukraine Peace Formula, which includes the cessation of hostilities, withdrawal of foreign troops, and restoration of Ukraine’s territorial integrity, stands as a critical framework for achieving lasting peace.”

In a subsequent post on his Facebook, Mr Akufo-Addo said “I called for the international community to unite in upholding international law and the principles of the UN Charter. I urged continued diplomatic, economic, and humanitarian support to facilitate a peaceful resolution.

“Acknowledging the challenges on the path to peace, I expressed optimism that with collective determination and steadfast dedication to justice, a future where peace prevails is achievable.

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