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A new constitution, which was drawn up by a consultative assembly, was approved in a national referendum in April 1992. It follows the presidential executive system and guarantees democratic freedom.
After 11 years of military rule, both presidential and legislative elections were held in November 1992. The administration of the country was handed over to the elected National Democratic Congress (NDC) Government in January 1993, the NDC was returned to power in elections in December 1996. However the New Patriotic Party won the 2000 elections led by His Excellency John Agyekum Kufuor. And after 8 (eight) years of uninterrupted constitutional rule, power was given back again to the National Democratic Congress (NDC) with HE President Evans Attah Mills and VP John Mahama.
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FINANCIAL RESTRUCTURING
