Financial Systems Analyst, Kwaku Adoboli, has called for a law that limits campaign contribution by individuals as a method to halt capital supremacy in the country.
According to him, political parties, particularly the New Patriotic Party (NPP) and the National Democratic Congress (NDC) must work together to establish the election contribution thresholds.
Mr Adoboli explained that such a law must outline processes to make sure that those contributions are made transparent.
“If you don’t have a threshold that means money has more power than individual people. Each person has one vote but if the dollar has the power to accumulate more votes that means the money has more power and that is not fair.
“It gives capital supremacy over the people and over time as we’ve seen, the interest of capital sometimes goes against the interest of the nation,” he said on Tuesday.
Mr Adoboli who was contributing to the ongoing debt restructuring on Asaase Radio on Tuesday, believed the economy is in a mess due to the lack of rules governing the democratic system the country practices.
He indicated that the financing of campaigns makes incumbent government indebted to its financers, thereby prioritising their needs over that of the people.
“So in order to protect us from the cycle, the two parties have to come together and enact some campaign contribution limit laws and we need to make sure it is transparent. So we all know who is contributing to what because the playing field needs to be fair,” he noted.
Latest Stories
-
Diplomatic Corps hail Bawumia’s integrity and leadership qualities
20 minutes -
To chocolate, Ghana’s pride by Bioko
39 minutes -
Chartered Institute of Bankers, Ghana, confers Honorary Fellow status on Victor Yaw Asante
1 hour -
BoG marks end of year with Thanksgiving Service
1 hour -
Ghana’s Next Sports Minister: The Debate Begins
1 hour -
Election 2024: NPP advised to be mindful of the reasons being ascribed to their election lost
2 hours -
GNFS urges Ghanaians to prevent fires during yuletide
2 hours -
Report tobacco users who smoke publicly – FDA advises
2 hours -
Abdallah Ali-Nakyea elevated to Associate Professor at UG School of Law
3 hours -
Kick2build commissions 5 libraries in Klo Agogo, donates school supplies
3 hours -
Slim and Fit Ghana donates to kids at Motherly Love Orphanage in Kwabenya
3 hours -
We’ll be reorganising ourselves for the battles of tomorrow – NPP
3 hours -
Ghanaian teacher Morkporkpor Fiador’s GWR Read-A-Thon attempt postponed
3 hours -
Revocation of licences of UT, Capital banks were strict requirements from IMF – Dr. Addison
3 hours -
MP Cynthia Morrison among 280 members expelled by Agona West NPP
3 hours