Ghana (Vol 13, 2016)
in Africa Yearbook OnlineSearch for other papers by Jennifer C. Boylan in
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(5,273 words)
After eight years of a National Democratic Congress (ndc) government, under two different presidents, the December elections were a referendum on the quality of ndc rule. Ghana also experienced the culmination of three long-term calamities: the last year of a three-year electricity crisis, a third year of diminished gdp growth, and the reverberating effects of massive public scandals exposed in the judiciary and other sectors in previous years. To solve its way out of at least the economic disasters, a series of taxes were introduced via a revised income tax law, an energy sector levy on fuel prices, and the removal of subsidies on electricity and water prices. Ghana had signed up to a three-year imf assistance programme in 2015, which resulted in a rise in the debt-to-gdp ratio to over 70%, a mere five years after Ghana was the fastest growing economy in the world. President John Mahama tried to answer for the economic calamity by seeking out fdi and implementing massive infrastructure and development projects throughout the year. Ultimately, however, New Patriotic Party (npp) opposition leader Nana Akufo-Addo won the December election by a nearly 10% margin. The npp also gained a majority in Parliament, ending the ndc’s eight-year control over the legislature.
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Ghana (Vol 13, 2016)
in Africa Yearbook OnlineSearch for other papers by Jennifer C. Boylan in
Current site
Google Scholar
(5,273 words)