It was formed in 1992 in the run up to the inauguration of the Fourth Republic of Ghana.
The NIP was founded in 1992 after the ban on political parties was lifted in May, 1992 by the Provisional National Defence Council government of Jerry Rawlings.
The NIP contested the 1992 Ghanaian presidential election on 3 November 1992.
Kwabena Darko came fourth, winning 2.8% of the total votes cast.
[2] Although the international observers of this election declared it free and fair, the NIP together with three other parties, the New Patriotic Party, the People's National Convention and the People's Heritage Party claimed the elections were fraudulent and went on to boycott the parliamentary election held on 29 December 1992.