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Ghana's electoral commission has declared ex-President John Dramani Mahama the winner of the presidential election, securing 56.55% of the vote. His main rival, Vice President Mahamudu Bawumia, conceded defeat, acknowledging the need for change amid a severe economic crisis. Mahama, who previously served from 2012 to 2016, promises governance reforms and a $10 billion investment in infrastructure to address the country's challenges.
Cocoa futures surged to a seven-month high, reaching $10,380 a ton, driven by deteriorating production prospects in West Africa, particularly in Ivory Coast and Ghana. This increase comes amid historically low inventories, raising concerns over global supply shortages.
Ghana's opposition leader, John Mahama, is set to win the presidential elections, with 51.2% of the votes reported, as the ruling New Patriotic Party's candidate, Mahamudu Bawumia, concedes defeat. Voters expressed dissatisfaction with the government's handling of a severe debt crisis and soaring inflation. Mahama has promised to create jobs, reduce taxes, and improve the business environment in the country.
Ghana is set to hold presidential and parliamentary elections amid hopes for economic recovery following a severe financial crisis. Vice President Mahamudu Bawumia of the ruling New Patriotic Party faces off against former President John Dramani Mahama, with polls indicating a potential comeback for Mahama. Approximately 18.7 million voters are registered, and results are expected soon after the polls close.
Ghana's ruling party faces potential defeat in the upcoming election despite a $3 billion IMF bailout and public debt restructuring. While the national balance sheet has improved, citizens grapple with a 60% depreciation of the cedi since 2022, soaring living costs, and new taxes impacting businesses.
Growth Investment Partners (GIP) Ghana Ltd has invested in Rikair Company Limited to enhance the availability of medical-grade oxygen across Ghana. This partnership aims to address critical healthcare gaps by providing long-term financing to expand Rikair's distribution and support local healthcare facilities, especially in underserved regions. The investment aligns with the Ministry of Health’s National Medical Oxygen Policy, emphasizing the need for improved medical oxygen production and accessibility.
Ghana's annual inflation rate surged to 23% in November, marking a six-month high just days before the country's elections. This increase is up from 22.1% in October, as reported by Government Statistician Samuel Kobina Annim in Accra.
Public frustration in Ghana is mounting due to economic challenges, including soaring prices and a lack of job opportunities. This discontent is shaping the atmosphere leading up to Saturday's general election, which will serve as a crucial test of the country's democratic integrity.
Ghana has secured a $360 million disbursement from the International Monetary Fund following a successful third review of its extended credit facility. This approval by the IMF’s Executive Board increases the total funds received to $1.92 billion out of a $3 billion program initiated in May last year.
Growth Investment Partners (GIP) Ghana Ltd has invested in Rikair Company Limited to enhance the availability of medical-grade oxygen across Ghana. This partnership aims to address critical healthcare gaps by providing long-term financing to expand Rikair's distribution and support local healthcare facilities, especially in underserved regions.
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
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