ACCRA, Nov 4 (Reuters) - Ghana's ruling New Patriotic Party (NPP) on Saturday picked Vice President Mahamudu Bawumia as its candidate for the December 2024 presidential election, teeing up a contest with former president John Mahama.

The 60-year-old economist and former central banker has served as second-in-command and the face of economic policy throughout the presidency of Nana Addo Akufo-Addo, who is due to step down in January 2025 after serving the constitutionally mandated eight years.

He won 61% of votes cast in the second stage of the primary - a victory widely expected after coming first in the first stage in August.

In his acceptance speech, Bawumia promised to rebuild the crisis-hit economy if elected as president.

"I want to lead a nation that improves and unleashes the talents of our youth and offers good jobs with good pay and sustainable growth with macroeconomic discipline," he said.

Although Ghana’s ruling parties are often considered favourites to win presidential races, no party has ever won more than two consecutive terms. 

Voters may also question Bawumia's track record as the West African country struggles to emerge from its worst economic crisis in a generation.

The oil, gold and cocoa producer has had to turn to the International Monetary Fund for a $3 billion bailout after its already strained finances buckled under the economic fallout from COVID-19 and Russia's invasion of Ukraine.

For more such interesting stuff click here