NDC can win power if they are able to hold the NPP accountable to unfulfilled promises – EIU

Must Read

Dakoa Newman ready for action as she files nomination to contest NPP primaries in Okaikoi South Constituency

Vibrant Dakoa Newman has filed her nomination forms to contest the upcoming parliamentary primaries for the ruling New Patriotic...

Government to pay workers’ wages and salaries on January 22, 2020

Civil, public servants and workers under the Ghana Education Service should expect to be paid their salaries on January...

Kojo Yankson, Winston Amoah takeover Super Morning Show on Joy; Daniel Dadzie reassigned to Joy Prime

The host of Joy FM's flagship Super Morning Show, Daniel Dadzie has been reassigned by the management of the...
ABC News Ghana is an investigative media house that focuses on politics, sports and the economy. Our work is thoroughly researched, balanced and fair. Our vision is to become the most preferred indigenous news brand for men in West Africa.

The Economist Intelligence Unit (EIU) has hinted that former President John Dramani Mahama could win the December 7 elections if the National Democratic Congress (NDC) is able to hold the NPP accountable to its unfulfilled campaign promises.

According to the Unit, the current administration has rolled out some successful programs such as the One District One Factory, which is expected to recover easily once the coronavirus pandemic subsides.

“Government’s ambitious industrialization program [One District-One Factory] is enjoying some success, with investment expected to recover once the virus subsides. Nonetheless, overall progress will continue to be hampered by structural weaknesses and regional imbalances,” the EIU report said.

It suggested that “if the NDC can present a coherent challenge and hold the NPP to account on its unfulfilled campaign promises—such as faster progress on infrastructural development—the elections could be closely contested.”

The report, however, stated that the NDC will find it difficult to persuade Ghanaians it will straighten issues under the watch of the former President John Dramani Mahama.

“We therefore expect Mr. Akufo-Addo and the NPP to secure re-election,” the EIU’s April 2020 report stated.

“The Economist Intelligence Unit expects the NPP to retain power, as the party is seen as a better custodian of the economy than the opposition National Democratic Congress,” the report added.

The EIU also said majority of Ghanaians blame the NDC flagbearer, John Mahama for the woes of Ghana’s economy and that will work against the party in the coming election.

The noted that the campaign for the 2016 election was dominated by public concerns over a faltering economy, which many Ghanaians still associate with Mr. Mahama, adding that ahead of this year’s election, the NPP has focused on infrastructure development, such as improving internet and electricity access, as well as roads in rural areas.

The report also observed the NPP has outlined ambitious growth plans for cash-crop yields, which would bolster rural incomes, saying that despite the uncertainties posed by the pandemic, the EIU believes it will be difficult for the NDC under Mr. Mahama to portray itself as the better custodian of Ghana’s economy.

It project that, driven by falling oil prices and operational difficulties in some oilfields, the economy will contract by 1% in 2020, adding that real GDP growth will then rebound to an average of 5.7% a year in 2021-24, as the impact of the pandemic fades and oil prices and output both recover.

EIU also believes going forward, government’s industrialization push and moves to strengthen the banking sector will benefit non-oil economic growth over the medium-term, although the cost of capital will remain a constraint on some businesses, particularly small and medium-sized enterprises.

“Following a marked weakening in 2020—reflecting a deteriorating current­ account position and investor nervousness ahead of the elections—the pace of cedi depreciation will slow in 2021-­24 as the hydrocarbons sector ramps up production and prices rise. Inflation will average 8.6% in 2020-24, staying within the central bank’s 6-10% target range,” it said.

The report also predicted that the current-account deficit will gradually narrow in 2021-24 as external conditions improve, reaching 0.3% of GDP by the end of the forecast period.


SourceABC News

Submit your stories or articles to newsroom@abcnewsgh.com or Whatsapp them to +233 553620623

- Advertisement -


Latest News

Zenith Bank records another 1st in Digital Banking with the introduction of the GH Dual Card in partnership with GhIPSS

Zenith Bank (Ghana) Limited has become the first in Ghana to roll out the Eazypay GH Dual Card, combining...

Special focus needed at Ridge Hospital; management becoming unbecoming – Anas

Investigative journalist, Anas Aremeyaw Anas has indicated that special attention needs to be given to the management of the Greater Accra Regional Hospital because...

GJA demands swift action against Soldier for assualting TV3’s Journalist

The Ghana Journalists Association has called for an immediate investigation and prosecution of soldier suspected to have brutalized a TV3 journalist. Yesterday, a TV3 cameraman,...

46 foreign owned shops closed down at Circle after traders failed to regularize documents

Forty six foreign-owned shops have been closed down at Circle in Accra after traders failed to regularize documents, which allows them to continue trading...

Banking industry losses over GHC 33 million due to fraud in 2019

Fraud activities in Ghana's banking industry increased in 2019 compared to 2018, a report from the Bank of Ghana on fraud has revealed. The data...

More Articles Like This

%d bloggers like this: