Background
This report leverages Stears’ proprietary country risk data and analysis to explore the critical economic and political risks surrounding Ghana’s December 2024 elections. By presenting regime probability scenarios and evaluating market opportunities and risks, it equips investors with actionable insights to guide investment planning and decision-making in Ghana’s dynamic environment.
Executive Summary
- Ghana’s 2024 elections are pivotal for shaping the country’s economic and investment environment. Policy outcomes will likely influence key sectors like energy, digital technology, and infrastructure.
- Due to Ghana’s history of peaceful elections, political risks remain contained, but economic frustrations may lead to localised unrest.
- Capital flows show mixed trends, with Foreign Direct Investments (FDI) stabilising post-COVID, but portfolio investments remain volatile, reflecting cautious investor sentiment.
- The National Democratic Congress (NDC), led by John Mahama, is expected to focus on fiscal prudence and infrastructure development, emphasising renewable energy and digital transformation.
- Under Mahamudu Bawumia, the New Patriotic Party (NPP) plans
