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13-11-2024
ACCRA: Ghana’s main opposition leader John Dramani Mahama looks set to win December’s presidential election, an opinion poll showed on Monday, placing him ahead of his main challenger, ruling party candidate Muhamudu Bawumia.
Former president Mahama, 65, and current Vice President Bawumia, 60, are the two main contenders for the Dec. 7 election to replace President Nana Akufo-Addo, who is stepping down in January after two terms as head of the gold- and cocoa-producing nation. Eleven other candidates are also running.
Global InfoAnalytics, an Accra-based research group, released poll results on Monday that saw Mahama winning 52%, followed by 41.3% for Bawumia. The poll has a 1.9% error margin.
It found that voters were mainly concerned about the economy, jobs, education and infrastructure.
Mahama invested heavily in infrastructure during his 2012-17 presidency, when he faced criticism for power shortages and economic instability. His government was also embroiled in corruption allegations, although Mahama was never directly accused. He is running again as the candidate of the main opposition National Democratic Congress (NDC).
Bawumia, an economist and former central banker, is running for the ruling New Patriotic Party (NPP), which grappled with Ghana’s worst economic crisis in a generation.
Both candidates have presented plans to boost the economy and improve livelihoods.
Ghana, the world’s second largest cocoa producer, defaulted on most of its $30 billion external debt in 2022 after years of overstretched borrowing.
Akufo-Addo’s government secured a 3-year, $3 billion bailout from the International Monetary Fund in 2023 and is now on the final lap of a painful process required for the money to be disbursed.
The Economist Intelligence Unit predicted an NDC win in October due to the NPP’s economic record. Fitch Solutions published a similar forecast that month.
Both Mahama and Bawumia are from northern Ghana, a historic NDC stronghold where the NPP has been making inroads.
Political analyst Alidu Seidu of the University of Ghana said the election would probably be a very close contest between the two.
Results were difficult to predict and a run-off vote was likely, he said.
No party has ever won more than two consecutive terms in Ghana’s democratic history.
In last month, International Monetary Fund staff and officials in Ghana have reached an agreement on their third review of the West African country’s $3 billion IMF loan program, the fund said on Friday.
The West African gold and cocoa producer is nearing completion of a debt-restructuring process under the G20’s Common Framework initiative, after it defaulted on most of its $30 billion international debt in 2022.
“Ghana has made remarkable progress on its public debt restructuring,” the fund said in a statement, adding that the performance of the program was “generally satisfactory.”
More than 90% of Ghana’s bondholders have approved an overhaul of $13 billion worth of Eurobonds, the government said on Thursday, following a deal with bilateral creditors in June.
“The authorities are committed to pursuing good-faith efforts to reach an agreement with other commercial external creditors,” the IMF said. (Int’l News Desk)
