John Atta Mills

By Yvonne Mhango of Renaissance Capital

Elections in Ghana tend to arouse less uncertainty than those in most of sub-Saharan Africa, due to its relatively stable political environment and mature democracy. This was affirmed by the smooth constitutional transfer of power following President John Atta Mills’s death in July, to his former vice-president, John Dramani Mahama.

However, a tight presidential election on December 7 – like that of 2008 – would increase the political risks. And there is a lot a stake from the ramping up of oil production to dealings with the IMF. Continue reading »

The smooth and easy transition of power to Ghana’s Vice President John Dramani Mahama following the passing of President John Atta Mills speaks volumes about the strength of the nation’s democracy.

In areas such as oil and technology, progress should stay on track. But the markets still have a few things to iron out – the currency especially being a concern. Continue reading »

By Yvonne Mhango of Renaissance Capital

Ghana’s president, John Atta Mills, died unexpectedly on Tuesday following treatment for throat cancer.

During his term, Mills adopted tight fiscal and monetary policies to reverse the large twin deficits his government had inherited from the New Patriotic Party government in 2009. He oversaw the country’s 60 per cent upward revision of GDP to $31bn, signalling its transition into a middle-income economy in 2009, and the debut of oil production in late 2010.

After his death, what are the likely political and economic implications? Continue reading »