The way we conduct our politics today demands significant financial resources to run effective and successful electoral campaigns. Undoubtedly, private financing of political parties often evokes public distrust and cynicism. These concerns are not misplaced, as the motives of both donors and recipients can be questionable.
For our democracy to be sustainable, we must explore more appropriate and acceptable methods of financing political activity—methods that ensure all segments of society have equal opportunities to participate in political processes and decision-making. Research shows that marginalised groups, including women, the poor, ethnic minorities, and indigenous peoples, often lack access to financial resources and are thus underrepresented or entirely excluded from political life.
The Attorney-General, Dr Dominic Ayine’s press conference on 30th April, 2025, in which he disclosed receiving a donation from one “Sledge” and claimed that all parliamentarians are guilty when it comes to receiving donations, has brought to light critical nuances in political party financing that demand careful examination and direction.
This call is urgent because disproportionately large donations—often from corporate, illicit, or foreign interests—may be made to secure specific outcomes or preferential treatment that undermines the public interest. Unscrupulous political sponsors frequently deploy lobbyists in the legislative branch to draft bills that shield their wealth, avoid taxes, and reinforce their power.
Corruption in political party financing is a serious threat to democracy and economic development. We know that illicit financing can result in the infiltration of organised crime into politics or even “state capture,” where private interests control public policy. At the very least, it leads to undue influence and policy distortion. These dangers erode public trust in both government and political institutions.
Donations—whether in cash or in kind—are not inherently bad. However, as established above, they can lead to harmful consequences if left unchecked. For this reason, we must strive for transparency in political financing to preserve the integrity of our political system.
To achieve these objectives, I pose the following questions:
- How can we mitigate the harmful effects of illegal and improper financing in our politics?
- How can we ensure that true transparency is realised in our growing democracy?
- What fundamental steps are necessary to establish a viable political finance system in emerging African democracies?
Conclusion:
The purpose of these questions is to provoke thought and deepen our understanding of this often-overlooked yet critically important issue. I seek to raise awareness of the risks and potential benefits of open financing, and to invite suggestions on practical, technical solutions that could enhance disclosure and strengthen our democratic processes.
~ The writer, Henry Adjei Boadi, is a corporate generalist and researcher.
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DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
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