Nana Akufo-Addo was sworn in as Ghana’s president on Saturday in a ceremony attended by dozens of African leaders, sealing a rare peaceful transfer of power in region plagued by political crises.

Akufo-Addo, 72, a former opposition leader, defeated incumbent John Dramani Mahama in elections a month ago.

The major cocoa and gold exporter is half-way through three-year aid programme with the International Monetary Fund tofix an economy dogged by high public debt and inflation.

His victory has cemented Ghana’s reputation as a standard bearer of democracy in a in a highly volatile region.

Akufo-Addo received over 53% of the votes, compared to his opponent,John Mahama’s 44 %