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Vol 49 No 12

Published 6th June 2008


Ghana

Paying the price

Economic troubles damage the governing party’s electoral chances in one of Africa’s most stable democracies

President John Agyekum Kufuor’s government faces new problems, both political and economic, as it prepares for national elections in December, when the President will step down. Rising world prices for food and fuel threaten the record of steady economic growth. Inflation, petroleum import costs, interest on the government’s domestic debt and the prime (interbank) lending rate have all surged in recent months.

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