This essay investigates the critical factors contributing to peaceful power alternation and, by extension, charts the path for democratic consolidation in Ghana and Nigeria. It adopts an exploratory research design which involves systematic collection, presentation, and analysis of data through relevant texts, observations, interviews, and documentary evidence. The essay relies on primary and secondary data from Ghana and Nigeria. The results show that, for Ghana, factors such as the country's transparent electoral management system and formidable democratic culture have been major contributors to the nation's democratic trajectory. Whereas in the Nigerian experience, an improved electoral management system; the perceptions of the electorate; pressure from stakeholders; and the personality of the incumbent president have had significant effects. The essay concludes that the transparent electoral management system and solid democratic culture in Ghana and the improved electoral management system and the personality of the incumbent president in Nigeria have been the greatest influences on power alternation and the democratic process. However, Ghana has fared better than Nigeria in these respects.