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.
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