NDC will win 2024 election with a new candidate- EIU Report

NDC will win 2024 election with a new candidate- EIU Report

The Economist Intelligence Unit (EIU) has predicted that the opposition National Democratic Congress (NDC) will win the 2024 general elections.

In a report, the EIU stated that the NDC will win if it presents a new Flagbearer for the election.

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The NDC lost the 2016 and 2020 elections with former President John Mahama as flag bearer.

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“The next parliamentary and presidential elections are due in 2024. Under the constitutionally mandated term limits, Mr Akufo-Addo cannot run for a third term,” the report stated.

It added that, “Mr Mahama is reportedly considering whether to run again but we expect the NDC to seek to revitalise its prospects with a fresh candidate.

The EIU also stated that after two terms of the NPP government, the NDC is expected to win the 2024 presidential election and to gain a small majority in parliament.

The report noted: “In the 2020 parliamentary election, the NPP and the NDC each won 137 seats, but in January the one independent Member of Parliament (MP) announced that he would co-operate with the NPP, giving it the 138 seats needed for an effective majority. With a razor-thin majority, the Akufo-Addo administration will require all of its MPs to vote with the party in order to push through signature policies, which is likely to necessitate deal-making to persuade MPs, which stands to obstruct immediate policy priorities, such as reducing a large fiscal overhang through expenditure cuts and tax rises”.

Ghana’s debt stock

The EIU noted the “Economic structure risk remains CCC-rated” when it reported on Ghana’s debt stock.

“The current-account deficit, which is estimated to have averaged 2.8% of GDP over the past 48 months, is a drag on the score,” it added.

Meanwhile, EIU noted that the country is currently estimated to be in default, following a rise in principal arrears owed to external official creditors in 2018.

“Arrears will remain substantial, raising the perceived risk of a prolonged default among investors. Regarding the structure of the national accounts, the services sector is thelargest sector of the economy, accounting for about 45% of GDP”it added.

Source: Report Ghana

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