General News of Thursday, 14 November 2019Source: 3news.com'Political party financing a lucrative business’ - IDEGExecutive Director of the Institute for Democratic Governance, Dr Emmanuel AkweteyThe Executive Director of the Institute for Democratic Governance (IDEG), Dr Emmanuel Akwetey has stated that political party financing in the country has become a lucrative business for some people. “Those who are financing parties today see the election as business and the kind of profits they make, they will not make it in any business. The situation is largely the cause of the various procurement infractions as those financed become indebted to the extent of resorting to over-invoicing and other crimes. Dr Akwetey explained that because these politicians eventually become indebted to their financiers, they become susceptible to controls. “That is because in election administration everything the EC does is regulated by the law, the need for reforms for a state institution to be put in place to regulate political party financing activities, since the state business is regulated by the state authority, the EC can’t grapple with everything which the parties agree on."

Source: GhanaWeb November 14, 2019 02:40 UTC