The Ghana Centre for Democratic Development (CDD-Ghana) has raised alarm over the escalating cost of presidential elections, cautioning that the trend risks turning political leadership into a privilege reserved for the wealthy.
Speaking at an Open Society forum in Accra, CDD-Ghana Executive Director Professor H. Kwasi Prempeh revealed that it now takes an estimated $200 million to run a successful presidential campaign in Ghana.
“You now need about $200 million to win a presidential contest. How many of you can realistically meet that bar? Even at the parliamentary and primary levels, the barriers are already far too high for many,” Prof. Prempeh said.
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He argued that such financial demands effectively shut out qualified but less-resourced individuals from aspiring to the presidency, creating a democracy skewed in favour of money and influence.
Prof. Prempeh warned that if access to political leadership is shaped by wealth alone, Ghana’s democratic and developmental progress will be undermined.
“We cannot have that kind of democracy and expect it to be developmental. That is why campaign financing reform and stricter regulation of internal party democracy must become urgent national priorities,” he stressed.
