Stakeholders in Ghana are sounding the alarm on the growing influence of money in politics, warning it undermines democracy and excludes marginalized groups. Former Minister Boakye Agyarko notes that politics has become monetized, with decisions influenced by financial interests rather than merit or national development.
The impact is significant:
– Excludes marginalized groups: Women and youth are often priced out of politics due to lack of funds.
– Undermines meritocracy: Competence takes a backseat to financial muscle.
– Fosters corruption: Politicians may prioritize repaying donors over serving the public.
Reform efforts are underway, focusing on:
– Transparency: Disclosing campaign funding sources.
– Spending limits: Capping election expenses.
– Public funding: Supporting parties to reduce reliance on private donors.
As noted by experts, “the monetisation of politics in Ghana is a serious canker that must be uprooted”.
