Ghana's opposition leader, John Mahama, is poised to win the presidential elections, as the ruling New Patriotic Party's candidate, Mahamudu Bawumia, has admitted defeat.

Dissatisfaction among voters with the government's handling of a significant debt crisis and the highest inflation rate in over 20 years has led to this shift.

With 51.2% of the votes counted, Mahama, representing the National Democratic Congress, has pledged to focus on job creation, tax reductions, and improving the business environment in Ghana, which is Africa's largest gold producer.

The election results mark a crucial moment for the country's economic trajectory in the face of ongoing financial challenges.