Ghana’s new president sworn in
On Saturday, Ghana will swear President-elect Nana Akufo-Addo into office. Incumbent President Mahama conceded on Dec. 9, 2016, after it was announced he only managed to garner 44% of the vote.
Mr Akufo-Addo’s four-step proposal to combat unemployment was key to his electoral victory. Ghana’s economic growth has stagnated over the past year, which has led to rising public debt and growing rates of unemployment.
The President-elect has proposed to build one factory in each district to combat unemployment and also wants to remove import taxes on raw materials and machinery to stimulate the manufacturing industry.
Akufo-Addo’s policies are ambitious and his success will rely on motivating private investors to do much of the heavy lifting.
