In Ghana, post-election fiscal crunch is politics as normal


  • World
  • Wednesday, 15 Feb 2017

A general view of Adabraka in Accra, Ghana, December 5, 2016. REUTERS/Luc Gnago

ACCRA (Reuters) - Ghana's President Nana Akufo-Addo has taken power with ambitious plans to revive once spectacular economic growth, only to discover a $1.6 billion hole in the budget and a deficit twice as high as expected. He may have a strong sense of deja vu.

The country has a vigorous democracy, with voters ready to eject any leader who falls short of expectations. But for a third successive time, the national finances have gone off track before elections, forcing the winner to confront a fiscal crunch.

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