The cost of winning a presidential election in Ghana has risen to about $200 million, the Ghana Centre for Democratic Development (CDD-Ghana) has revealed.
The Executive Director of CDD-Ghana, Professor H. Kwasi Prempeh, disclosed this while speaking at an Open Society event in Accra.
He lamented that the monetisation of our elections or the financial burden associated with our elections is pushing out capable leaders who do not have access to the resources required to win an election.
He posited that this trend is a threat to Ghana’s democratic and developmental aspirations.
He warned if care is not taken, we will end up allowing only wealthy and well-connected people in the political space.
“I think you need about $200 million to win a presidential contest. How many of you here are ever going to be in that category or cohort of candidates? Even at the parliamentary level or at the primary level, it is nearly impossible for many of you,” Prof. Prempeh said.
“We cannot have that kind of democracy and expect it to be developmental. So, we need to worry about our campaign financing and regulating our internal party democracy,” he added.
By: Rainbowradioonline.com/Ghana
