Ghana’s incoming president John Mahama said a financing program with the International Monetary Fund will limit his government’s ability to undertake immediate radical reforms, a week after voters handed him a hefty mandate to fix the nation’s crippling debt burden and high cost of living.

Ghana's President-elect John Dramani Mahama has said he will not abandon the country's $3 billion rescue package with the International Monetary Fund, but wants to review the deal to tackle wasteful state spending and upgrade the energy sector.

Ghana’s former leader John Dramani Mahama was officially declared the winner of the presidential election on Monday after voters vented anger at the government’s handling of the economy.

Ghana, the world's second biggest cocoa grower and major gold producer, is mired in its worst economic crisis in decades.

Ghana's electoral commission on Monday declared ex-president and main opposition leader John Dramani Mahama winner of Saturday's presidential election with 56.55% of the vote, according to provisional results.

Ghana’s president-elect John Dramani Mahama has revealed his intentions to review the loan from the International Monetary Fund, the current administration had secured. ・President-elect John Dramani Mahama plans to review the $3 billion IMF loan secured by the current administration.