By: Bernard Nyankomago Kwasi
The Member of Parliament for Asante Akim North, Honourable Ohene Kwame Frimpong is making his presence in Parliament House greatly felt. He has proposed the need for some amendments in Ghana’s political parties finances on their various campaigns.
In a press statement issued on Tuesday, 10th February 2026, the MP sought to initiate Private Member’s Bill to amend Political Parties ACT 2000 (ACT 574), to introduce campaign financial regime, and to provide for financial related matters.
“The Political Parties ACT 2000 (ACT 574) regulates the registration and functioning of Political Parties but remains silent on campaign financing. As a result, there is no legal framework limiting campaign expenditure, capping contribution or mandating detail disclosures” these words were contained in the press release.
Among the objects of the proposed bill, according to Hon. O.K Frimpong is to regulate the source of campaign funds ensuring transparency and legality apart from establishing limits on campaign contributions and expenditures.
It may be recalled that since the reintroduction of multiparty democracy in 1992, Ghana has held nine successful general elections with four peaceful transfer of power.
This democratic progress, however faces a growing challenge in the rising cost of politics and the relentless Asante Akim North MP wants it to be looked at.
The MP through the press statement noted that political campaign rely heavily on parties, informal and often opaque source of funding.
He revealed the Ghana Centre for Democratic Development (CDD-Ghana 2025) estimates that the cost of contesting Presidential elections has risen to approximately USD 200 million.
Furthermore, according to him the cost of parliamentary campaign has risen to 59% between 2012 and 2016.
The MP who believes the absence of financial regulation encourage corruption and vote buying and illicit funding wants Parliament to swiftly modify the political parties ACT 2000 to enhance the political structures.