How the IMF is Shaping Ghana's Key Election Issues in December 2024

Ghana’s upcoming election in December seems heavily influenced by the International Monetary Fund (IMF). Regardless of who wins—whether the ruling New Patriotic Party (NPP) or the opposition National Democratic Congress (NDC)—economic policies will largely align with IMF directives.

Oxford Economics projects a slight difference in budget deficits by the end of the next presidential term: 5.3% of GDP for NPP and 5.1% for NDC.

Dr. John Kwakye, Director of Research at the Institute of Economic Affairs (IEA), highlighted seven key issues that will shape the election results: the economy, corruption, unemployment, infrastructure, education, climate, and cultural values. On his X page, he stated these areas will be pivotal for voters.

He also urged Ghanaians to reject leaders who rely on borrowing for development. "We have enough resources here at home. We don’t need to go out and borrow," Dr. Kwakye argued, calling for leaders who can maximize Ghana’s natural resource wealth.

As Ghanaians prepare to elect a president and Members of Parliament for the next four years, starting January 2025, the focus is firmly on economic policies and national resource management.