Ghana’s Vice-President, Mahamudu Bawumia, has conceded defeat to John Mahama in the country’s presidential election.

DAILY POST reports that Bawumia is the candidate of the ruling New Patriotic Party, NPP, while Mahama is of the National Democratic Congress, NDC.

Election results trooping in have placed Mahama on course to win the election.

While Mahama has clinched 976,644 votes, representing 56.39 percent, Bawumia has gathered 738,493 votes, representing 42.64 percent

The Vice-President addressed a press conference at his house on Sunday before the declaration of the official results.

According to him, the decision to concede defeat was in Ghana’s interest and that he had called Mahama to congratulate him.

“Let me say that the data from our own internal collation of the election results indicate that former President John Dramani Mahama has won the presidential election decisively.

“The NDC has also won the parliamentary election. Even though we await the final collation of a number of seats, I believe ultimately these will not change the outcome.

“I am making this concession speech before the official announcement by the electoral commission to avoid further tension and preserve the peace of our country.

“It is important that the world investor community continues to believe in the peaceful and democratic character of Ghana,” Bawumia said.

Ghana Election: Bawumia concedes defeat as Mahama leads