Cost of Winning Ghana’s Presidency Hits $200 Million – CDD-Ghana Warns of Threat to Democracy
The Ghana Centre for Democratic Development (CDD-Ghana) has revealed that the cost of winning a presidential election in Ghana has surged to about $200 million, raising concerns about the sustainability and inclusiveness of the nation’s democracy.
Speaking at an Open Society event in Accra, the Executive Director of CDD-Ghana, Professor H. Kwasi Prempeh, cautioned that the rising financial burden of elections risks shutting out capable leaders who lack access to vast resources.
“I think you need about $200 million to win a presidential contest. How many of you here are ever going to be in that category or cohort of candidates? Even at the parliamentary level or at the primary level, it is nearly impossible for many of you,” Prof. Prempeh said.
He warned that such a trend undermines Ghana’s democratic and developmental aspirations, stressing that politics risks becoming the preserve of only the wealthy and well-connected.
“We cannot have that kind of democracy and expect it to be developmental. So, we need to worry about our campaign financing and regulating our internal party democracy,” he emphasized.
CDD-Ghana’s call adds to growing debates on campaign financing reforms, with civil society groups urging stronger regulations to ensure fairness, accountability, and inclusivity in the country’s political system.
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