• About
  • Advertise
  • Privacy Policy
  • Contact
Friday, July 18, 2025
  • Login
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
No Result
View All Result

Ghana, others don’t ban use of corrupt funds in political financing

December 25, 2020
Stephen M.Cby Stephen M.C
in Economy_Null (x)
0
Ghana, others' law on the ban of political financing has loopholes

A report released by Transparency International on the state of implementation of the African Union Convention on Preventing and Combatting Corruption (AUCPCC) in 10 African countries has indicated that, 8 out of the 10 African countries assessed do not expressly ban the use of funds acquired through illegal or corrupt means in political finance or electoral legislation with the exception of Democratic Republic of Congo and South Africa.

The rest of the 8 countries including Ghana, Coted’Ivoire, Ethiopia, Nigeria, Mozambique, Morrocco, Rwanda and Tunisia do not totally prohibit sponsorship of political parties from illegal funds.

According to the report, legislation on party funding in Ghana only covers so much an extent that political parties submit accounts of their assets and expenditure, including the sources of their donations in cash or in kind, to the Electoral Commission, which in turn is required to publish reports in the government gazette.

RelatedPosts

Prof Gatsi confident of buoyant economic growth this year

AfCFTA growth impact is long-term; won’t reflect in 2021 GDP growth— Prof. Gatsi

The next big agenda on the President’s to-do list: Gov’ts appointment of Ministers

Furthermore, parties are required to submit a statement of their asset and liabilities to the commission within 21 days prior to a general election. And an account of all electoral expenditure are to be submitted within six months after a general election take place. Beyond election periods, the commission may cancel the registration of a political party if its information provided contravenes the law.

Although the report recognizes that cancelation of registration of political parties is a stiff penalty, and as such a strong deterrent, it notes that the absence of lesser penalties (especially of first offence), when it comes to imposing sanctions on parties opens the door of potential abuse.

More importantly, it also notes that one major loophole is the failure of the law to prohibit donations proceeding from criminal activities and contributions from State Owned Entreprises.

This notwithstanding, the enforcement of these laws have not materialized during elections in Ghana. A report from AU observer mission for Ghana’s 2016 general elections observed that political parties that failed to submit the financial reports required by the law suffered no sanctions as a result.  

Similarly, the International Growth Centre (IGC) based on its analysis of the 2012 elections also indicated that not a single political party complied with the reporting obligations and that the Electoral Commission took no action against them. The International Institute for Democracy and Electoral Assistance (IDEA) also in their report in 2014, buttressed the findings highlighted by the IGC.

Eu
EU Election Observation Mission

In the 2020 elections, the EU election observation mission in its report raised issues concerning the increasing costs of an unlimited spending on running election campaigns. The EU EOM observed that “there are no limits on contributions or on spending, resulting in a lack of transparency and accountability around political and campaign funding,” it said and added that, “the EC did not enforce parties to comply with legal requirements on financial reporting. “This further limits public scrutiny and transparency of political and campaign finance.”

With the exception of Coted’Ivoire which the report indicates as having a law on party funding, that is very limited in scope, all the other 7 countries have similar requirements not limited to public finding only. Coted’Ivoire’s legislation only governs public funding of political parties, which captures only a small fraction of the sources of funding of political parties.

READ MORE: Ghana loses over US$90 billion to corruption- Abdul Moomin Gbana

Tags: CorruptionfinancePolitical partiesPolitics
Please login to join discussion
Previous Post

‘CHRISTMASCOVID’– A CHRISTMAS DOOMED BY A PANDEMIC

Next Post

MEEK MILL, THE SANTA CLAUS OF PHILADELPHIA

Sign up for The Vaultz analytic wire

Get weekly news analysis from top editors at The Vaultz and stay informed on trending economic and business issues from across the globe.

Related Posts

Ghana’s Energy Sector Turning a Corner Amidst Reforms – Energy Minister 
Extractives/Energy

Energy Minister Explains 2.45% Electricity Tariff Adjustment for Q3 2025

July 18, 2025
Cellphone Internet Shutdowns Spread Across Russia
Europe

Cellphone Internet Shutdowns Spread Across Russia

July 18, 2025
Gold Surge Offers Lifeline For Sudan’s Fragile Economy
Africa

Gold Surge Offers Lifeline For Sudan’s Fragile Economy

July 18, 2025
President Mahama with London Mayor Sadiq Khan
General News

Mahama, London Mayor Deepen Ghana-UK City Partnership

July 18, 2025
GLC slammed for waving students' rights
General News

MP Targets Unfair GLC Practices, Raises Rights Concerns

July 18, 2025
Electrical Energy
Extractives/Energy

Government Reviews IPP Contracts in Push for Sustainable, Fair Energy Sector

July 18, 2025
Ghana’s Energy Sector Turning a Corner Amidst Reforms – Energy Minister 
Extractives/Energy

Energy Minister Explains 2.45% Electricity Tariff Adjustment for Q3 2025

by Prince AgyapongJuly 18, 2025
Cellphone Internet Shutdowns Spread Across Russia
Europe

Cellphone Internet Shutdowns Spread Across Russia

by Comfort AmpomaaJuly 18, 2025
Gold Surge Offers Lifeline For Sudan’s Fragile Economy
Africa

Gold Surge Offers Lifeline For Sudan’s Fragile Economy

by Lawrence AnkutseJuly 18, 2025
President Mahama with London Mayor Sadiq Khan
General News

Mahama, London Mayor Deepen Ghana-UK City Partnership

by Evans Junior OwuJuly 18, 2025
GLC slammed for waving students' rights
General News

MP Targets Unfair GLC Practices, Raises Rights Concerns

by Lilian AhedorJuly 18, 2025
Electrical Energy
Extractives/Energy

Government Reviews IPP Contracts in Push for Sustainable, Fair Energy Sector

by Prince AgyapongJuly 18, 2025
Ghana’s Energy Sector Turning a Corner Amidst Reforms – Energy Minister 
Cellphone Internet Shutdowns Spread Across Russia
Gold Surge Offers Lifeline For Sudan’s Fragile Economy
President Mahama with London Mayor Sadiq Khan
GLC slammed for waving students' rights
Electrical Energy
[/vc_row_inner]

Recent News

  • Energy Minister Explains 2.45% Electricity Tariff Adjustment for Q3 2025
  • Cellphone Internet Shutdowns Spread Across Russia
  • Gold Surge Offers Lifeline For Sudan’s Fragile Economy
  • Mahama, London Mayor Deepen Ghana-UK City Partnership
  • MP Targets Unfair GLC Practices, Raises Rights Concerns
The Vaultz News

Copyright © 2021 The Vaultz News. All rights reserved.

Navigate Site

  • About
  • Advertise
  • Privacy Policy
  • Contact

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2D
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships

Copyright © 2021 The Vaultz News. All rights reserved.