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Opposition in Ghana holds rally against present economic crisis: Blames Governor of Central Bank for economic ills

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Several hundred opposition protesters rallied in Ghana’s capital Accra, urging the resignation of the Central Bank Governor, blaming him for the economic crisis the country is facing

Several hundred opposition protesters rallied in Ghana’s capital Accra, urging the resignation of the Central Bank Governor, blaming him for the economic crisis the country is facing.   The opposition parties expressed their ire on the Bank of Ghana Governor Ernest Addison for the slipshod performance of the economy where inflation rules above 40% over a long period of time.

Led by the opposition National Democratic Congress or NDC Minority Leader Cassiel Ato Forson, protesters chanted patriotic songs. There was a large posse of police looking after the security arrangements, while a section of people danced to the tunes of drums and chants.

Ghana’s economic outlook is a major theme. Till recently, the country was the poster boy of the West and the multilateral funding agencies for the able handling of the economy.  Elections are fast approaching in the West African country. President Nana Akufo-Addo is stepping down after his two terms allowed by the constitution.

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The ruling New Patriotic Party or NPP will hold primary elections next month to select its candidate for the December 2024 presidential election. Vice President Mahamudu Bawumia, a former deputy central bank governor, is widely touted by pollsters as the favorite to win that primary race to become the NPP candidate, while the opposition, the  NDC has selected ex-Ghanaian president John Dramani Mahama as its candidate for the 2024 presidential race. Mahama lost to Akufo-Addo in the 2016 and 2020 elections.