Ghana’s President-elect John Dramani Mahama has said he will not abandon the country’s $3billion rescueMahama, a former president, told Reuters late on Friday he would also seek to tackle inflation and currency depreciation to mitigate a cost-of-living crisis in the West African nation.
Ghana’s electoral commission declared Mahama, who was in office from 2012-16, winner of the presidential poll with 56.55% of the vote. The IMF deal helped to halve inflation and returned the economy to growth, but Mahama said more work was needed to ease economic hardship. He says the “multiplicity of taxes” agreed to as part of the IMF programme had made Ghana “unpleasant for business.”
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