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Elections in December 2012 saw President John Dramani Mahama’s National Democratic Congress reelected, although the results were uncertain pending the outcome of a challenge in the courts, which eventually decided in August 2013 that the result should stand. The court decision was celebrated in Ghana as proof that the country had a transparent judicial system. Ghana is also one of the first countries to sign up to the open government initiative, which allows the electorate open access to government data on revenue, spending, and outcomes. Ghana achieved growth of 7.9% in 2012, and is set to continue to grow at that pace through 2013 and 2014, partly thanks to the discovery of new offshore oil reserves. Inflation is currently high, at 10.8%. An IMF country visit to Ghana in mid-2013 emphasized the high fiscal deficit—running at 12% of GDP in 2012 and expected to be 8.5% for 2014. Central government debt is currently around 49.3% of GDP according to the IMF.

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Further reading on Ghana


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