Political party financing in Ghana: a case study of the Ashanti Region.
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Date
2018-11
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KNUST
Abstract
The 1992 Constitution of the Republic Ghana prescribed a multiparty system for the country. Since 1992 many political parties have been formed to pursue the core functions of parties within a democratic polity. There are 24 registered political parties in Ghana as of 2016. Political parties do shape democratic institutions and processes in a country. Therefore the health of parties has a direct link with the kind of democracy being nurtured in Ghana. Although money is an important pillar of politics, the cost of politics in Ghana has increased in recent years and it has a negative impact on the survival and activities of political parties in the country. This study examines how political parties in Ghana are able to mobilise funds to finance their political activities. The study found out that political parties admit that politics in Ghana is gradually becoming expensive and there are some difficulties in raising funds to meet this new trend of increased cost of politics but the financial challenges parties face vary depending on the electoral fortunes of the party (incumbent or opposition). Parties have the similar sources of funds but the regularities and effectiveness of it depend on whether the party is in opposition or in incumbency. Generally, politics is costly in Ghana and because of the politics being practised in the country; the opposition is in a financially disadvantageous position.
Description
This Thesis Is Submitted In Partial Fulfilment Of The Requirement For Award Of The Master Of Philosophy Degree In Political Science.