Economy, citizens’ welfare key to Ghana’s election outcomes – Deloitte
Published:
3 months ago
Source:
Channel 1 News
International accounting and auditing firm, Deloitte, has disclosed that the economy and citizens' welfare will be major deciding factors in the upcoming elections in Ghana.
"Around 50 countries across the world are heading to the polls this year-or have already done so-including West African countries. Ghanaians are going to the polls this December. The current state of the economy and citizens' welfare will factor heavily into how voters evaluate campaign promises and determine the next leader of the nation, an economy heavily dependent on cocoa and gold.
"The election outcome will weigh on policy direction, as well as investor and market sentiment," Deloitte disclosed in its West Africa economic outlook, August 2024 report. Deloitte in its report added that Ghana, compared to Nigeria, appears to have stronger growth prospects.
"Its [Ghana] economy grew by 4.7% year on year in the first quarter of 2024, driven by rapid 6.8% year-on-year growth in the industrial sector (figure 2). The agriculture and services sectors grew at a slower pace of 4.1% and 3.3% year on year, respectively.