Founder of IMANI Africa, Franklin Cudjoe, has challenged the current approach to tackling corruption in Ghana.
He argued that the root cause of the spate of corruption is "chronic capitalism"-a system where corruption thrives due to structural inefficiencies and entrenched personal interests.
Speaking on governance reforms on The Keypoints with Alfred Ocansey, Cudjoe emphasized that while strategies like the Ghana Integrated Financial Management Information System (GIFMIS) and the Financial and Asset Management System for Central Administration Departments (FAMSCAD) have been introduced to curb corruption, their effectiveness remains questionable. "We have implemented all these control-based systems, yet corruption persists," he noted on March 8.
He pointed out that the core issue lies in the principal-agent problem, where bureaucrats-who often have more information than government officials-exploit gaps in oversight.
