Monday, January 13, 2025

Mahama’s Comeback: Ghana’s Next President Pledges $10 Billion Infrastructure Push

John Dramani Mahama is set to return as Ghana’s president, eight years after losing power. The 66-year-old former leader won Saturday’s election, pledging to repair the struggling economy and deliver a “fresh start” for the West African nation.

Preliminary results show Mahama’s National Democratic Congress (NDC) also clinched a parliamentary majority. His rival, the incumbent Nana Akufo-Addo, conceded defeat on Sunday, as widespread dissatisfaction with soaring living costs and economic woes swayed voters.

“This election is not just another vote; it’s a turning point for Ghana,” Mahama declared at his final campaign rally, promising bold reforms to “reset the country.”

Promise to Fix the Economy

Mahama has vowed to renegotiate the $3 billion IMF bailout secured under Akufo-Addo, aiming to ease debt burdens and revive growth. He also pledged to modernize infrastructure with a $10 billion investment, reform taxes, and introduce a 24-hour work shift system to boost productivity.

READ MORE: ZETSI Africa Pays Special Advocacy Visit to Prof. Ibiyemi Olatunji-Bello

“This victory is for every Ghanaian struggling with high prices and unemployment. Together, we will rebuild,” Mahama wrote on X, formerly Twitter, in celebration.

Mahama’s Path Back to Power

Mahama’s political journey spans decades. First entering parliament in 1996, he rose to vice president in 2009 and became president in 2012 after the sudden death of John Atta Mills. During his first term, he championed infrastructure development but faced criticism for power shortages, corruption allegations, and economic instability.

Twice defeated by Akufo-Addo, in 2016 and 2020, Mahama’s comeback reflects growing frustration with Ghana’s recent economic struggles. Inflation surged past 40% in 2023, while the cedi’s value plunged, prompting calls for leadership change.

‘Thank You, Ghana’

Born to a wealthy family in 1958, Mahama studied communication in Ghana and psychology in Moscow. A prolific writer, he authored a memoir detailing his experiences growing up during Ghana’s turbulent post-independence years.

Now married with five children, Mahama credits his faith and determination for his resilience. “Thank you, Ghana,” he wrote, expressing gratitude for his renewed mandate.

Hot this week

CBN Introduces New Accounts to Boost Diaspora Investments

The Central Bank of Nigeria (CBN) has unveiled two...

EFCC Cleans House, Dismisses 27 for Fraud and Misconduct

The Economic and Financial Crimes Commission (EFCC) has dismissed...

Regional Trade at Risk: How Mozambique Protests Impact Zimbabwe, Zambia, and Malawi

The ongoing civil unrest in Mozambique is severely affecting...

EXPOSE Educates Women, Girls On Hygiene, Wellness In Makoko

The critical importance of health, hygiene and wellness in...

France Hands Over Abeché Base to Chad Ahead of Military Withdrawal

France has officially handed over its military base in...

France Hands Over Abeché Base to Chad Ahead of Military Withdrawal

France has officially handed over its military base in...

Dele Alake Demands N9bn Mining Budget Review to Boost Sector Growth

Nigeria’s 2025 budget proposal has drawn sharp criticism from...

Tinubu, UAE Leaders Set to Deepen Economic Ties at ADSW

President Bola Ahmed Tinubu arrived in Abu Dhabi on...

Chad Neutralizes Attackers After Assault on Presidential Compound

Security forces in Chad have thwarted an overnight assault...

Sanusi Retains Kano Throne as Appeal Court Overrules Lower Court’s Verdict

The Court of Appeal has reinstated Muhammadu Sanusi II...

CBN Introduces New Accounts to Boost Diaspora Investments

The Central Bank of Nigeria (CBN) has unveiled two...

Pacific Palisades Inferno: The Human and Economic Toll of LA’s Worst Wildfire

Out-of-control wildfires are tearing through Los Angeles County, leaving...

Court Freezes General Hydrocarbons’ Accounts Over $225.8m Debt to First Bank

A Federal High Court in Lagos has frozen General...

Related Articles

Popular Categories