Ghana's New Administration Expects Growth To Soar Above 8% In 2017
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Ghana's New Administration Expects Growth To Soar Above 8% In 2017

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Added by Headlines Africa in Ghana
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Ghana has just come out of them with the new President, Nana Akufo-Addo, pledging to cut taxes and protect the public purse at his swearing in ceremony this past weekend. Akufo-Addo, defeated incumbent John Dramani Mahama in peaceful election a month ago. During his campaign, he accused the Mahama administration of corruption and incompetence. Well, the people of Ghana are now looking to him to fix an economy dogged by high public debt and inflation. The major cocoa and gold exporter is half-way through a three-year aid programme with the International Monetary Fund, but it isn't clear exactly how the new president will be able to cut taxes and still stick to an IMF austerity plan that was a condition of a $918 million bailout. CGTN's Uche Okoronkwo spoke to Franklin Badu, a broadcast journalist at Ghana's biggest radio station, Citi FM to get his thoughts.

Tags: Ghana, IMF, Economic

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