Ghana election 2024: As Ghana prepares to elect its next president in the upcoming Ghana elections in 2024, one citizen’s story encapsulates the nation’s economic frustrations. Meet Nathaniel Qainoo, a 29-year-old former accountant turned mechanic, who has lost hope in his country’s future.
A Nation in Crisis: Ghana’s Economic Woes
- Unemployment Rate: 14%
- Inflation Rate (2022): 54%
- Currency Depreciation (past 8 years): 70%
“I don’t know how this country is going to be saved from this crisis,” Qainoo says, echoing the sentiments of many young Ghanaians. The economic downturn has led to a brain drain, with many seeking opportunities abroad.
The Presidential Candidates’ Economic Visions
Two main contenders, Mahamudu Bawumia and John Mahama, have outlined their economic plans:
Bawumia’s “Digital Economy” Promise
- Key Initiative: Skills training for 1 million young people
- Goal: Stimulate economic growth through a digital economy hub
- Expert Analysis: “Bawumia’s digitalization push is his biggest electoral drawcard,” says Dr. Clement Sefa Nyarko, a Ghanaian political analyst.
Mahama’s “24-Hour Economy” Proposal
- Key Initiative: Creating night-time jobs in public and private sectors
- Goal: Make Ghana a “24-hour economy,” akin to prosperous nations like the US and UK
- Criticisms: Mahama’s past record on corruption and electricity crises has raised doubts about his ability to “reset” the economy.
Easing the Cost-of-Living Crisis: A Shared Promise
Both candidates have vowed to scrap unpopular taxes, including the electronic levy on mobile transactions and the carbon emissions levy. However, economist Prof. Godfred Bokpin warns that fulfilling this promise may create a “fiscal gap” under the IMF-backed economic recovery program.
Conclusion:
As Ghana heads to the polls, the outcome is far from certain. Will Bawumia’s “digital economy” or Mahama’s “24-hour economy” vision prevail? One thing is clear: the next president must address the economic hardships faced by citizens like Nathaniel Qainoo.
Share your thoughts on the Ghana election 2024 and the country’s economic future in the comments below.
