Africa Daily What's at stake in Ghana's elections?
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Dec 2, 2024 Fava Nunu, BBC's correspondent in Accra, and Lydia Foson, an award-winning Ghanaian actress and social media influencer, dive into the heated political climate ahead of Ghana's elections. They discuss how economic struggles, including high inflation and unemployment, are influencing voter sentiment. The guests highlight contrasting strategies from presidential candidates and the critical need for youth engagement in politics. With a nation on edge, every vote carries immense weight as Ghanaians seek a path toward recovery.
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Ghana's Economic Crisis
- Ghana's economic turmoil is a top election concern, marked by high inflation and unemployment.
- The central bank lost $5 billion in 2022, prompting an IMF bailout request and mismanagement accusations.
The Candidates and Their Visions
- Ghana's 2024 election is a close race between Mahamudu Bawumia and John Mahama.
- Bawumia focuses on economic stability, while Mahama calls for a reset, both with different approaches and past baggage.
Roots of the Economic Crisis
- Ghana's economic crisis stems from over-reliance on borrowing, exceeding 70% of GDP by 2022.
- International markets blocked Ghana out due to poor ratings, and the IMF bailout request came late.