A new research by the Center for Democratic Development (CDD-Ghana) has discovered that a presidential candidate hoping to win an election in Ghana will need a whooping $100 million to achieve that.
The scope of the study was to assess the extent to which illicit and illegal moves in local politics and to get a fair idea of how much investment goes into the cost of politics.
According to the report, parliamentary candidates have to cough up nearly ¢4 million to win a constituency seat.
“And for the cost for running for president, the study estimated that the most viable sum of money that a person who needed to run for president was $100 million…this is why we need to engage in conversations more to reform the state of monetisation of Ghana’s politics,” a CDD-Ghana representative said.
“In the current estimate per this statement, running for Parliament was ¢4 million, out of this amount two million is dedicated towards nurturing constituencies and the other two million is after the securing of the candidature position,” the report further revealed.