The paper problematises the issues of democracy and good governance in Africa and analyses their future prospects especially in the 21st century. Liberal democracy and good governance, beside market reforms are the new puzzle words on the global agenda. Indeed, the three issues appear to be organically linked in the present context, with the hegemony of the liberal capitalist ideology in the international arena.

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The Republic of Ghana benefits from strong GDP growth, strengthening oil production volumes, and a track record of political stability. However, it continues to suffer from weak fiscal management highlighted by a widening of the fiscal deficit in 2010 and increased supplier arrears.

We are therefore affirming our 'B/B' foreign- and local-currency sovereign credit ratings on the Republic of Ghana. The stable outlook balances our view of the country's strong growth prospects and track record of political stability against its weak payment culture and fiscal challenges.

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The clamor for democracy all over the globe is not accidental. Those who go about such business of agitating for democratization are convinced that no society truly desirous of development can ignore democracy. The democratic experiences of the developed countries of the world lend credence to the truth of this claim. However, the reverse seems to be the case in many of the third world countries where there has been a huge golf between the anticipated gains of democracy and the reality on ground.

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A national opinion poll conducted by international market research organization, Synovate, has the 2012 Presidential Candidate of the New Patriotic Party, Nana Addo Dankwa Akufo-Addo, 5 percentage points ahead of his closest rival, President JEA Mills, Presidential Candidate of the ruling National Democratic Congress, in the run up to the 2012 general elections.

However, if elections were held today Nana Akufo-Addo would lead but still fall short of the more than 50% mark required for outright victory. The opinion poll carried out in September this year surveyed a total of 1,723 respondents.

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Other Stories

GHANA’S EMERGING OIL ECONOMY: - The good, the bad and the ugly
Enter December 15, 2010, commercial production of oil from Ghana’s Jubilee fields commences. The much awaited event is heralded by Ghanaians with much joy and hope…hope for an improvement in the general welfare and living standards of the average Ghanaian. Current production levels from the oil field are estimated to be approximately 55,000 barrels per day, a figure which is expected to more than double to 120,000 barrels per day within six months after the commencement of production. more >>>
ECOWAS must Not Give up on Diplomacy on Cote D'ivoire
Ghana is presently caught in the whirlwind of Africa’s latest political quagmire: the post-election turmoil in Ivory Coast. President Mills has decided against sending Ghanaian soldiers as part of an ECOWAS-superintended military force to oust the ostensibly recalcitrant Laurent Gbagbo. The Ghanaian president’s bold decision to reject a regional plan to employ military action against the leadership of a fellow sovereign African nation-state is the right one, even if the reasons the nation’s public servant numero uno has given his fellow Ghanaians and the international community are not tenable.
Chukwuemeka Odumegwu-Ojukwu (1933-2011)
General Chukwuemeka Odumegwu-Ojukwu died last weekend. His death brings to a certain climax the drama of a true, modern Nigerian epic. Olusegun Obasanjo was right this time in describing Ojukwu’s death as “the end of an era.” At the passing of Dr. Nnamdi Azikiwe, Chukwuemeka Odumegwu Ojukwu described Zik as “the Alpha and the Omega of modern Nigeria,” just as he characterised Obafemi Awolowo as “the best President Nigeria never had,” thus melding paradox with hyperbole in an equal alchemy of mystery.
Subsidiary Agreement - Gas Infrastructure Project
The Government of the People's Republic of China and the Government of the Republic of Ghana are resolved to expand bilateral relations through harmonious, sustainable and win-win economic co-operation measures, in line with the principles adopted for the Forum on China-Africa Co-operation. The Lender seeks to apply its financial support as a means to enhance bilateral economic and trade relations between China and Ghana by extending commercial loans to the Borrower, to be applied by the Borrower on the terms and conditions set out in this Agreement. Click here for subsidiary agreement
GHANA BEYOND THE SUPREME COURT
What will happen when the Supreme Court rules in the election dispute? Will there be peace or violence? That we were a divided country before December 7th is clear to all—after all, this is the second election in a row that the winner has failed to win 51% of the votes. Unfortunately, the court case following the election has only worsened the divisions and tensions. Of course, it can be argued that if the petitioners had chosen the streets instead of the courts, our plight would be worse. This case, regardless of the outcome, has already undermined quite a few reputations and national assumptions:
I must confess one of my favourite all-time calypso tracks is ‘Ugly Woman’, the Mighty Bomber version, originally written and performed by Roaring Lion in 1933, the calypsonian whose music career spanned 65 years. This hilarious song has Roaring Lion advising the world, “If you want to be happy, living a king’s life, never make a pretty woman your wife. All you got to do is just as I say. From a logical point of view, Always marry a woman uglier than you.” It is one of the best tracks ever composed and performed, I think. But, there is something about the song which may be lost on the listener as he or she enjoys it: it answers to a long-held prejudice that physically attractive women are sexually promiscuous and unfaithful. Well, certainly, it had no effect on me when it came to making a bridal choice.
Danquah Institute Press Conference: Halt
Good afternoon ladies and Gentlemen of the press. Thank you for coming on such short notice. There’s a Ghanaian saying which goes like” Obaa a onim s3 onky3 wo aware ase no, otu bankye aa, ondua” akin to saying literally; that a lady whose days in her marital home are numbered, does not bother to re-plant uprooted cassava. 
DI: $265m STX Insurance is a Rip-Off, Gov’t Can Save $200m with MIGA
Thursday, July 29, 2010:- This week, the Ministry of Finance & Economic Planning submitted, what it termed, “Revised Memorandum to Parliament” and a revised supplier’s credit financing agreement between STX Engineering & Construction Ghana Limited (as ‘Supplier’ – not ‘Lender’) and the Government of Ghana in relation to the $1.5 billion financing of the Security Services Housing Project. In a press statement reacting to this new development after the agreement was withdrawn from the floor of Parliament recently, the Danquah Institute limited its comments to the fees and insurance premium, which it has condemned as “a total rip-off”.
IMF July 2012 World Economic Outlook
In the past three months, the global recovery, which was not strong to start with, has shown signs of further weakness. Financial market and sovereign stress in the euro area periphery have ratcheted up, close to end-2011 levels. Growth in a number of major emerging market economies has been lower than forecast. Partly because of a somewhat better-than-expected first quarter, the revised baseline projections in this WEO Update suggest that these developments will only result in a minor setback to the global outlook, with global growth at 3.5 percent in 2012 and 3.9 percent in 2013, marginally lower than in the April 2012 World Economic Outlook. Click here for full report
Study into Election Statistics provided by Counsel Philip Addison during his Oral Address
On the 7th of August 2013, counsel for the petitioners Mr. Philip Addison brought forth some statistics about the 2012 General Elections. The quote, as published on the website of the Daily Guide newspaper is as follows: “The 1st Petitioner obtained a total of 5,248,898 votes as against a total of 5,248,882 by all NPP Parliamentary candidates, showing a difference of 16. However the first Respondent (Mahama) obtained a total of 5,574,761 as against 5,127,641 by all NDC parliamentarians, showing a whopping difference of 447,120. Download full document here