Free article preview  

Whoever wins the second round of the presidential election – John Atta Mills or Nana Addo Dankwa Akufo-Addo – will have to make tough economic decisions as soon as they take power. Pressured this year by falling demand for its main export of cocoa and by spiralling food prices, the government has tried to soothe the social pain with subsidies and other palliatives, pushing the budget deficit to over 10% of national gross domestic product (GDP). Lower export earnings and higher costs of imports have pushed the current account deficit to over 15%...

(This article contains approximately 400 words)

end of free article preview

Current subscribers: log in now to read the complete article. Misplaced your password? Then click here for a password reminder.

Not a subscriber? Then you can read this article in full either by becoming a subscriber now, for 3, 6 or 12 months, or you can buy this individual article.

  • Subscribe to Africa Confidential:
  • Buy this article:
  • 3-month subscription
    Prices from £205.00 (+ VAT where applicable)
    6-month subscription
    Prices from £376.00 (+ VAT where applicable)
    12-month subscription
    Prices from £705.00 (+ VAT where applicable)
  • UK & European Union
    £17.00 (+ VAT where applicable)
    Rest of the world
    $27.00

  • If you have a print subscription already, click here for a password that gives you full access to the website.
  • If you are logged in, but still cannot access the full text of this article, email customer services or telephone us on +44(0)1638 743633.

Keywords:

John Atta Mills, Nana Addo Dankwa Akufo-Addo, United States, John Kufuor, Ireland

Tag Cloud:

barrel(2) credit(2) currency(3) deficit(2) financial(2) gdp(2) ghana(2) government(4) inflation(2) offshore(2) oil(5)