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Mahama Returns as Ghana’s President, Vows Economic...

Mahama Returns as Ghana’s President, Vows Economic Reforms

Zim Now Writer 

John Dramani Mahama has been sworn in for his second term as Ghana’s president, pledging economic reforms and job creation to address public dissatisfaction.

Mahama, 66, secured a decisive victory in the Dec. 7 elections, replacing Nana Akufo-Addo, who completed two terms. The inauguration at Black Star Square in Accra was attended by over 20 global leaders, marking a continuation of Ghana’s democratic legacy in a region troubled by military coups.

“We are a people battered by economic crises and hardships. But there’s hope on the horizon,” Mahama told cheering supporters.

Ghana, the world’s second-largest cocoa producer, is grappling with a cost-of-living crisis, inflation, and currency instability. The country is recovering from a sovereign debt default and an ongoing IMF bailout, though economic growth has resumed.

Youth Unemployment: Mahama’s campaign promises targeted job creation through agriculture and agribusiness.

Corruption: Public trust in governance remains low, with demands for tangible improvements.

Power Crisis: Mahama faces a $2.5 billion debt to energy providers, threatening electricity supply and economic recovery.

Finance expert Godfred Bokpin highlighted the urgency of addressing food inflation and production, noting, “The average Ghanaian is hungry. You must prioritise food production.”

With a two-thirds parliamentary majority, Mahama’s National Democratic Congress has a mandate to enact bold reforms. Analysts urge swift action to rebuild investor confidence and improve livelihoods.

Political commentator Bright Simons emphasized the challenge of tackling systemic economic issues left unresolved by the outgoing administration, describing their approach as “bandaging open sores.”

Inflation, driven by surging food prices, rose to 23% in November, adding pressure on Mahama’s administration to stabilize the economy and address everyday hardships.

As Mahama begins his term, the nation watches closely, hopeful for meaningful change in one of West Africa’s most stable democracies.

 

 

 

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