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AfricaNews360 > Politics > Ghana’s president declares asset
PoliticsTop Stories

Ghana’s president declares asset

Sets an example for Public Officials

Posted Malik muhammed February 19, 2025 4 Min Read
Updated 2025/02/19 at 7:24 AM
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Ghana’s President took a bold step toward transparency today by publicly submitting his Asset Declaration forms to the Auditor General, a move that sets a new precedent for accountability among public officials in the West African nation.

In a morning ceremony, the President fulfilled his constitutional obligation under Article 286 of the 1992 Constitution and the Public Office Holders Act of 1998, but went further by making the submission publicly – an uncommon practice in Ghanaian politics.

“While it is commendable to punish corruption, a more effective approach to tackling the problem is to prevent it from arising in the first place,” the President declared during the submission. This stance reflects his administration’s proactive approach to maintaining integrity in public office.

The move is being viewed as a direct message to all public office holders, particularly his appointees, about the seriousness with which his administration regards asset declaration. The President emphasized that he expects full compliance from all officials under his administration.

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Political analysts suggest this public declaration could mark a significant shift in Ghana’s governance culture. Dr. Kwame Mensah, a governance expert at the University of Ghana, notes, “This public demonstration of transparency sets a new precedent. It moves beyond mere compliance with the law to actually showing leadership by example.”

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Anti-corruption campaigners have welcomed the President’s action. Sarah Addo, Executive Director of Transparency Watch Ghana, states, “This public declaration is a positive step toward greater accountability in public service. We hope other public officials will follow suit and that this will lead to stronger enforcement of our asset declaration laws.”

The asset declaration process, mandated by law, requires public officials to provide detailed information about their properties, investments, and liabilities. This information serves as a baseline for tracking potential accumulation of unexplained wealth during their tenure in office.

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The President also emphasized the need for proper curation and enforcement of the asset declaration process, suggesting it could become a powerful tool in the nation’s anti-corruption arsenal. This comes at a time when many African nations are strengthening their governance systems to build public trust and attract international investment.

Civil society organizations have called for the establishment of a verification mechanism for declared assets and for making declarations more accessible to the public for scrutiny. Currently, while officials are required to declare their assets, the verification process remains limited.

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The Ghana Integrity Initiative (GII) has previously advocated for reforms in the asset declaration system, including digitization of the process and regular audits of declarations. The President’s public submission might provide momentum for these proposed reforms.

The submission complies with Act 550, which requires public officials to declare their assets and liabilities as a measure of accountability and transparency in public service. The act covers a wide range of public officials, from the President and Vice President to ministers, parliamentarians, and heads of public institutions.

As Ghana continues to position itself as a beacon of democracy in West Africa, this move by the President could influence similar actions across the region, where many countries are grappling with issues of transparency and accountability in public office.

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TAGGED: anti-corruption, Asset Declaration, Ghana, politics, Public Office, Transparency, West Africa
SOURCES: Africanews360.com
Malik muhammed February 19, 2025
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