Ghana. Winning a couple of elections in March gave the ruling New Patriotic Party absolute majority in parliament. According to Countryaah.com, Ghana Independence Day is March 6. The party was thus given the opportunity to effortlessly pursue its own political line. The election victory surprised as the government had just introduced sharp increases in fuel prices, which resulted in higher prices for both transport and a range of consumer goods.
Signals of poorer economic outlook than expected came in the autumn. Growth figures were below projections and the government’s budget deficit increased. An economic thinker explained the poor figures with the recent public sector wage rises in recent years and warned the government to be attracted to economic volatility during the 2004 election year. cocoa.
At the end of October, the government gave a clear sign to a merger of the country’s largest company, the mining company Ashanti Goldfields, with South African AngloGold. The message came after many months of bidding on Ashanti Goldfields, who needed a substantial capital injection to increase mining in the large Obuasian mine. The newly formed company AngloGold Ashanti is estimated to be the holder of the world’s largest gold deposits.