READ MORE: US gov't congratulates Akufo-Addo after 'historic win'

The Electoral Commission (EC) said Akufo-Addo won by 5, 716, 026 (53.85%) while president Mahama secured 4, 713, 277 (44.40%).

“If you retreat from a battle it does not mean defeat, we will return in 2020”,  Nketia aka General Mosquito said.

He added: “That is the verdict of the masses so if it is the verdict, nobody can challenge it and Ghana is bigger than any personal interest or institution so the country must move on."

READ MORE: Britain congratulate Akufo-Addo over election win

He made the comments when the chair of the EC was set to declare Akufo-Addo as the president-elect.

He noted that the party went into the election hoping to secure a second term for the president but the electorate thought otherwise.

He disclosed that the party will regroup and strategise for the next election.