Deputy Finance Minister calls for political financing reforms to protect Africa's democracy

Deputy Minister of Finance Thomas Nyarko Ampem has called for urgent reforms to political financing across Africa, warning that the increasing influence of money in politics is eroding democratic values, shutting out competent leaders, and weakening public confidence in democratic institutions.

Speaking at the opening of the 2026 Accra High-Level Regional Convening on the Financialisation of Politics in Africa, Ampem said political finance reform should no longer be viewed solely as an electoral issue but as a critical development priority for the continent.

Addressing government officials, anti-corruption agencies, development partners, civil society organisations, and political leaders from across Africa, he noted that the rising cost of elections is making it increasingly difficult for capable and public-minded individuals to enter politics.

According to him, democracy suffers when financial power, rather than competence and leadership, determines who contests elections, who wins, and whose interests are represented after assuming office.

"Money has always been part of politics. The challenge arises when money determines who can participate, who wins elections, and whose interests are served after victory," he said.

Ampem further observed that women, young people, and many qualified citizens continue to face significant barriers to political participation because of the high cost of campaigning, limiting diversity and inclusive representation in leadership.

He warned that the trend is contributing to declining public trust in democratic institutions, growing disillusionment with democracy, reduced confidence in political parties, and increasing voter apathy across the continent.

The Deputy Minister reaffirmed Ghana's commitment to strengthening transparency, accountability, and integrity through ongoing constitutional, legislative, and institutional reforms.

As part of these efforts, he disclosed that the Conduct of Public Officers Bill is currently before Parliament, while Cabinet has approved the National Ethics and Anti-Corruption Action Plan (2026–2030), which seeks to strengthen corruption prevention, institutional accountability, coordination among state agencies, and enforcement mechanisms.

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NA/BAI