Alban Bagbin, the Speaker of Parliament, has raised concerns about the increasing monetization of Ghana’s political landscape.
He pointed out that while money isn’t the only factor influencing electoral success, it often benefits those with greater financial resources.
Bagbin believes that Ghana’s democracy is evolving into an auction, where the highest bidder prevails, which discourages participation from those unable to compete financially.
Speaking at the University of Ghana Alumni Lecture on the theme: “30 Years of Parliamentary Democracy: The Journey Thus Far,” in Accra on Thuesday he stated, “Recent studies by CDD Ghana show that it costs approximately $100 million and $693,000 to effectively fund presidential and parliamentary candidates respectively.”
“As a former practitioner and now a dormant participant, I can say without a shadow of doubt that this is an understatement.”
