Stakeholders in Ghana’s governance and political space have backed renewed calls for stricter regulation of political party financing and monetisation of electoral politics.

They warned that the continuous rising cost of elections threatens Ghana’s democratic gains and stressed the urgent need to address the phenomenon.

The endorsement came at a multi-stakeholder forum organised by the Center for Democratic Development Ghana (CDD-Ghana) in collaboration with the National Commission for Civic Education (NCCE), with support from the Foreign, Commonwealth and Development Office (FCDO), to deliberate on a proposed model political finance law.

The proposed model is intended to contribute to efforts aimed at reducing or eliminating the influence of money in Ghana’s political and electoral landscape.

The stakeholders at the forum, held in Bolgatanga, comprised representatives from the Electoral Commission, political parties, civil society organisations, the media, persons with disabilities, women and youth groups, among others.

The participants agreed that the growing influence of money in politics was distorting electoral competition, excluding capable citizens from contesting public office, and creating fertile ground for corruption.

The participants also expressed support for proposals to cap campaign expenditure, define a clear campaign period, and enhance disclosure requirements for both political parties and candidates.

Mr Jacob Tetteh Ahuno, the Assistant Monitoring and Evaluation Specialist at CDD-Ghana, said although Ghana had enjoyed three decades of competitive elections and peaceful transfers of power, monetisation was fast becoming a major threat to democratic governance.

“Our research reveals a staggering trend in the cost of contesting elections. The cost of parliamentary contests has increased significantly over the years, and the cost of running for the presidency is now estimated at about US$100 million,” he said.

He described the trend as a “crisis of democratic capture,” explaining that when public office goes to the highest bidder, women, youth and persons with disabilities are sidelined.

“When campaign costs keep rising, vulnerable groups are eliminated. More dangerously, we see the influence of political financiers whose funding sources are often opaque,” he stated.

Mr Ahuno noted that existing laws, including provisions under Article 55 of the 1992 Constitution and the Political Parties Act, primarily regulate political parties but do not adequately cover individual candidates.

“As it stands, candidates who receive donations are not required to account for them. The law does not clearly define a campaign period or set spending limits. That is a major regulatory gap,” he said.

He explained that CDD-Ghana had developed a model political finance law to guide the drafting of comprehensive legislation aimed at closing these gaps and strengthening transparency and accountability in campaign financing.

Delivering the opening remarks, Mr Augustine Akugri, the Deputy Upper East Regional Director of the NCCE, said the monetisation of politics had become deeply entrenched and posed an existential threat to the country.

“We are witnessing both the supply of money to voters and the demand for money from voters in elections and party primaries. This undermines merit and distorts democracy,” he said.

He cited studies by CDD-Ghana and the Westminster Foundation for Democracy, which showed a sharp rise in the cost of political participation across electoral cycles.

Mr Akugri stressed that excessive financial demands on candidates favoured those with access to wealth and discouraged otherwise qualified citizens from seeking leadership positions.

Mr William Nyarko, the Executive Director of the Africa Center for International Law and Accountability (ACILA), advocated the establishment of an independent body to regulate political parties and campaign financing.

He noted that a significant proportion of campaign contributions was given directly to candidates, yet current laws did not compel them to publicly disclose such funding.

“About 90 per cent of contributions go directly to candidates, but they are not required to report them. That weakens transparency and accountability,” he said.

Mr Nyarko also supported the introduction of spending limits, contribution caps, defined campaign periods, and stricter enforcement mechanisms, including sanctions for non-compliance.

President John Dramani Mahama has called for the cessation of the United States and Israel conflict with Iran, urging all sides to return to dialogue. 

President made the appeal during a bilateral meeting with his Tanzanian counterpart President Samia Suluhu Hassan at the State House in Arusha, Tanzania. 

President Mahama said recent attacks on Iran by United States and Israel, and counter attacks by Iran on the Gulf countries was creating new geopolitical events.  

“We know that these shocks will come.  

But when they come, we must prepare ourselves to make sure that our people are protected. Because as it is, that is the epicenter of global oil supplies,” he stated. 

“And we know when the prices of crude go above a certain amount, it has a negative effect on our countries.  

“And so we call for the cessation of the conflict and the return to dialogue so that we can see peace come back to that region.” 

President Mahama was in Tanzania as the guest of honour at the opening of the 2026 Judicial Year and 20th Anniversary of the African Court on Human and Peoples’ Rights. 

President John Dramani Mahama has held a bilateral meeting with his Tanzanian counterpart President Samia Suluhu Hassan at the State House in Arusha, Tanzania.

During the bilateral talks, the two leaders acknowledged the historic bond between their Founding Presidents: Osagyefo Dr Kwame Nkrumah of Ghana and Mwalimu Julius Nyerere of Tanzania.

They identified the absence of a Permanent Joint Commission for Cooperation (PJCC) and agreed to fast-track its establishment.

They also discussed possible state visits to formalise several memoranda of understanding (MoUs).

Regarding Economic Transformation and Resource Sovereignty, President Mahama shared Ghana’s success in gold sector reforms: small-scale gold exports rose from 63 tons to 104 tons in nine months, injecting $10 billion into the economy.

He emphasised the need for African nations to exercise sovereignty over natural resources.

President Mahama also announced Ghana’s plan to break from external cocoa financing: from next season, the country will raise local funds to purchase at least 400,000 metric tons of cocoa for domestic processing.

On Tanzania’s Post-Election Situation, President Mahama lauded President Hassan for establishing an independent Commission of Inquiry and planning a Reconciliation Commission.

He said such transparency helped nations to learn lessons and strengthen multiparty democracy.

Concerning Reparations Agenda, President Mahama, as the African Union (AU) Champion on Reparations, confirmed that a resolution recognising the transatlantic slave trade as a crime against humanity will be tabled at the UN General Assembly on March 25.

He acknowledged Tanzania’s firm support for the reparations cause.

President Mahama was in Tanzania as the guest of honour at the opening of the 2026 Judicial Year and 20th Anniversary of the African Court on Human and Peoples’ Rights.