Ghana has been extended an invitation to participate in the implementation of the Ukrainian Peace Formula.

Ghana has received an invitation to participate in the implementation of the Ukrainian Peace Formula, a comprehensive ten-point plan aimed at resolving the Russia-Ukraine conflict.

During a meeting at the 2024 World Economic Forum in Davos, Switzerland, Ukrainian President Volodymyr Zelenskyy emphasised the importance of Ghana's involvement in the peace processes.

The Ukrainian authorities have been diligently seeking international support for the implementation of the peace plan to bring an end to the hostilities. The main points of focus include ensuring food and energy security, upholding territorial integrity, promoting environmental safety, facilitating the release of prisoners, and advocating for the withdrawal of Russian troops from Ukraine, all while working towards preventing future aggression.

Ghana has been a shining example of peace and political stability in the sub-region. Throughout the years, Ghana has worked hard to strengthen its cooperation and bilateral ties with warring countries, particularly in the fields of education, science, and technology.

At the meeting, the two leaders had a productive discussion on enhancing relations between Ukraine and Ghana, as well as with other African countries.

Additionally, they discussed the education of students from Ghana in Ukrainian higher educational institutions, as well as the possibility of establishing logistics hubs for the trans-shipment of Ukrainian agricultural products to African countries.

The President expressed his appreciation to Ghana for their support in upholding Ukraine's sovereignty and territorial integrity, especially in international organisations.

Russia and Ukraine are significant commodities producers.

According to the International Monetary Fund (IMF), the war has led to a significant increase in global prices, particularly for oil and natural gas. Additionally, there has been a notable rise in food costs, with wheat, which Ukraine and Russia contribute 30 percent of global exports to, reaching a record high.

According to the outlook on the conflict, economies that depend on oil imports will experience increased fiscal and trade deficits as well as inflation pressure. On the other hand, some exporters in the Middle East and Africa may benefit from the higher prices.

During his address at this year's WEF, President Zelenskyy emphasised the importance of global unity in supporting Ukraine, highlighting the ongoing Russian aggression.

Ukraine Embassy in Ghana, Accra 

He graciously shared his intentions to organise a worldwide summit with the noble goal of advocating for peace, with Switzerland being the potential host. Meanwhile, Ghana's delegation to the Forum, led by President Nana Akufo-Addo, has been actively engaged in a series of meetings with esteemed stakeholders and influential global leaders.

The discussions encompassed four main themes: achieving security and cooperation in a fragmented world, fostering growth and employment for a new era, harnessing artificial intelligence as a catalyst for the economy and society, and formulating a long-term strategy for climate, nature, and energy.


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