Ghana’s Underlying Political Stability To Endure for Next 5 Years – EIU

The Economist Intelligence Unit (EIU) has made positive projection on the country’s political landscape in its latest Five Year Forecast.

According to EIU, despite the “highly acrimonious party-political landscape” of the country, it expects the sector to be stable through the period.

“The fierce rivalry between the two major parties—the ruling New Patriotic Party (NPP) and the opposition National Democratic Congress (NDC)—will remain the core feature of the political scene,” the London-based organization noted.

Highlighting the razor-thin NPP-led Parliament, EIU further observed that reaching a consensus on certain policies, particularly, taxes and reforms will be very tumultuous

Using the controversial Electronic Transfer Levy (E-levy) as an example, the Economic Observers said

“In November 2021 the minority government rejected the proposed 2022 budget bill over the introduction of an electronic-transaction levy (e-levy); this was later reversed, and the 2022 budget bill was passed by an NPP-led majority, albeit without the e-levy clause,” it recounted.