Dr. Mahamudu Bawumia, the flagbearer of the New Patriotic Party (NPP), recently expressed gratitude towards Ghanaians, bondholders, and various stakeholders for their unwavering support of the government's debt restructuring efforts during the Ghana CEO Presidential Gala held on November 7, 2024. He acknowledged the sacrifices made by the business community in stabilizing Ghana's economy, emphasizing that the debt restructuring initiative is crucial for both economic recovery and future growth [8aed94d3].
Bawumia's remarks come at a time when the NPP is facing significant scrutiny from the opposition National Democratic Congress (NDC), which has been vocal about the economic challenges under the current administration. Joyce Bawah Mogtari, the Campaign Spokesperson for NDC flagbearer John Dramani Mahama, has criticized the NPP for the significant deterioration of the economy and has called for a united front among Ghanaians to support Mahama in the upcoming December elections [74480fb6].
In response to the NDC's criticisms, Bawumia emphasized his optimism regarding Ghana's economic improvement and resilience moving forward. He highlighted the importance of the debt restructuring plan as a vital step towards stabilizing the economy and ensuring sustainable growth [8aed94d3].
The NDC, on the other hand, is positioning itself as a viable alternative to the NPP, with Mahama proposing key policy initiatives aimed at revitalizing the economy, including the establishment of Farmer Services Centres and a Women's Development Bank [920541f5]. As the political landscape intensifies ahead of the elections set for December 7, the focus remains on how both parties' proposals will resonate with voters, particularly in light of the recent upgrade of Ghana's credit rating by Moody’s, which the NPP has touted as a sign of economic stabilization [739e80b7].
As the election approaches, the contrasting narratives of the NPP's economic management and the NDC's critique will likely shape the political discourse in Ghana, with Bawumia's acknowledgment of bondholders' support serving as a cornerstone of the NPP's campaign narrative [8aed94d3].