New members of the Ghanaian Parliament to be sworn in

The Parliament of Ghana will welcome its new members today as they formally take office. The December 7 general elections

Ghana Parliament

Photo: Jonathan Ernst/ World Bank

The Parliament of Ghana will welcome its new members today as they formally take office.

The December 7 general elections saw incumbent President Nana Akufo-Addo of the New Patriotic Party (NPP) defeat National Democratic Congress challenger and predecessor John Mahama by nearly 4%. However, the two parties each walked away with 137 parliamentary seats, resulting in a hung government. The lone independent and former NPP member, Andrew Asiamah Amoako, now finds himself as the nominal tiebreaker.

With a divided government, expect Akufo-Addo to face significant adversity in enacting his agenda, which consists of expanding access to higher education and easing tax regulations. Akufo-Addo will also need to build consensus around his proposals in the petroleum sector as well as the $500 million gold-royalty fund, which Mahama had promised to veto. Under this proposal, the government would likely sell off nearly 75% of its future gold royalties to Jersey-based company Agyapa Royalties in order to finance its ongoing debt crisis. While this deal would provide immediate relief to a struggling economy in the midst of a pandemic, it would also sacrifice long-term funding for public education and healthcare infrastructure, issues that will be faced by future administrations.

Wake up smarter with an assessment of the stories that will make headlines in the next 24 hours. Download The Daily Brief.