Exploring the Russo-Ukrainian Crisis and Its Impact on African Countries: A Cross-Regional Analysis

Dataking Policy Brief 005, Accra, Dataking Consulting 2022

54 Pages Posted: 1 Jun 2022

See all articles by King Carl Tornam Duho

King Carl Tornam Duho

Dataking Consulting

Stephen Asare Abankwah

Dataking Consulting

Duke Ayim Agbozo

Dataking Consulting

Gabriel Yonmearu

Dataking Consulting

Barnabas Nii Ayitey Aryee

Dataking Consulting

Oscar Akomanin

Dataking Consulting

Date Written: April 17, 2022

Abstract

This study examines the impact of the Russia-Ukraine war on African countries with specific focus on the regional economic communities. The study used a timeline analysis covering the major events that preceded and happened during the course of the conflict. This required reference to various scholarly and media reports to provide a vivid analysis of the events and the implications for the world at large and Africa in particular. The impact of the crisis has been analysed by exploring the eight (8) unique regional economic communities in Africa. First, the study provides a background to the conflict and an extensive timeline of key events worth considering. The study also provides a framework for the impact of the crisis on food policy and energy policy with the resultant economic implications like inflationary pressures. The study pointed out how the war affects trade and the implications for international diplomacy with Russia. Despite the overall negative effect of the Russia-Ukraine war on the continent, the unique structural characteristics of each of the eight (8) blocs reveal differing regional and country-level exposures to the impact of the war amid the ravaging effects of the COVID-19 pandemic which together are worsening an already bad situation in the specific regional blocs. The adverse conditions experienced across the continent’s 8 blocs are hugely skewed towards an external shock (Russia-Ukraine war). Nonetheless, it will be disastrous for African governments to adopt a ‘wait-and-see approach’ to things, supposing that these conditions will self-correct eventually, should the Russia-Ukraine war de-escalate. The study provides practical implications for policymakers, captains of industry and researchers in Africa. The study also reveals how critical investments in the areas of food policy and the energy sector will be paramount to African self-reliance in a complex global geopolitical context.

Keywords: COVID-19, Ukraine-Russia War, Military Conflict, Africa, Trade, Food Policy, Energy

JEL Classification: F40, H56, N40, N51, O55, Q43

Suggested Citation

Duho, King Carl Tornam and Abankwah, Stephen Asare and Agbozo, Duke Ayim and Yonmearu, Gabriel and Aryee, Barnabas Nii Ayitey and Akomanin, Oscar, Exploring the Russo-Ukrainian Crisis and Its Impact on African Countries: A Cross-Regional Analysis (April 17, 2022). Dataking Policy Brief 005, Accra, Dataking Consulting 2022, Available at SSRN: https://ssrn.com/abstract=4085903 or http://dx.doi.org/10.2139/ssrn.4085903

King Carl Tornam Duho (Contact Author)

Dataking Consulting ( email )

Accra, +233
Ghana
+233 (Fax)

Stephen Asare Abankwah

Dataking Consulting ( email )

Accra, Greater Accra +233
Ghana

Duke Ayim Agbozo

Dataking Consulting ( email )

Accra, Greater Accra +233
Ghana

Gabriel Yonmearu

Dataking Consulting

Accra, Greater Accra +233
Ghana

Barnabas Nii Ayitey Aryee

Dataking Consulting

Accra, Greater Accra +233
Ghana

Oscar Akomanin

Dataking Consulting

Accra, Greater Accra +233
Ghana

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