All
 

 

Just in:  

You are here: Home»World»Africa»Ghana leader appeals to rivals for unity before inauguration

John43ACCRA: Ghana's president called for political unity on Friday, reaching out to rivals who are contesting his election due to suspicions of vote rigging.

 

John Dramani Mahama, a former vice president who took office in July after the death of President John Atta Mills, won a Dec. 7 election and is due to be sworn in on Monday along with a new parliament.

 

"For the long-term survival of our nation, we must agree and commit to a multi-partisan process," Mahama said in a speech to parliament. "Whatever our differences, whatever our politics, we must pull together and rise to meet these challenges."

 

International and local election observers said the December election - in which Mahama won 50.7 percent of the votes - was free and fair despite delays and technical problems that forced voting into a second day.

 

Ghana's main opposition party launched a legal challenge on Dec. 28, saying the poll involved enough irregularities to affect the outcome.

 

 The opposition NPP party, whose leader, Nana Akufo-Addo, came second with 47.7 percent, has threatened to boycott Mahama's inauguration.

 

Ghana is one of Africa's fastest growing economies and has maintained three decades of peace, making it a favourite among international investors and an anomaly in a region better known for coups and civil wars.

 

Mahama said economic growth in the cocoa, oil and gold exporting nation was between 8.5 and 9 percent in 2012, but that political unity was required to ensure the rising productivity resulted in development.

 

Ghana became Africa's newest oil exporter in 2010 with the startup of Tullow Oil's offshore Jubilee field, propelling economic growth to 14.4 percent in 2011.

 

Mahama said he expected 2012 growth to be between 8.5 and 9 percent.

 

"We have not only held down inflation and maintained macro-economic stability, but we have also worked to ensure discipline in the government's fiscal regime to avoid unbudgeted expenditures that could distort the economy's performance," Mahama said.

 

Inflation in Ghana has held under 10 percent.

 

Center>Copyright Reuters, 2013


 



 
Index Closing Chg%
Arrow DJIA 17,827.75 0.07
Arrow Nasdaq 4,787.32 0.61
Arrow S&P 2,072.83 0.28
Arrow FTSE 6,729.17 0.03
Arrow DAX 9,915.56 0.55
Arrow CAC-40 4,373.42 0.20
Arrow Nikkei 17,383.58 0.14
Arrow H.Seng 24,111.98 1.12
Arrow Sensex 28,386.19 0.17






Banking Review 2013


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlySeptember
Trade Balance $-2.380 bln
Exports $2.181 bln
Imports $4.561 bln
WeeklyNovember 13, 2014
Reserves $13.268 bln