Corruption and its Effects on Good Governance in Ghana

Abstract

The importance of a stable, effective and accountable governance system cannot be over emphasized in the development of any sovereign state. Good governance and national development are seen as firmly related concepts. Numerous studies have demonstrated that sound governance bolsters economic development by advancing the proficient utilization of resources and by making conditions that pull in both local and foreign investments to enhance economic development. Similarly, good governance adds to sustainable development possibilities of nations, improved economic sustainability of countries and institutional amendments that accompany it offers the fundamental premise to improved governance in people in general and the private sector (Dhaoui, 2019). In the political realm, Atuobi (2007) suggests that by contravening or even sabotaging formal processes, corruption undermines democracy and good governance. Be that as it may, the recent issue of corruption, and particularly how to control it has reappeared as a focal issue in the discussion on and projects of African and Ghanaian restoration and continued development. The paper audits how the issue of corruption in the African and Ghanaian body politic, governance and regulatory frameworks hampers the efficiency of public service, leadership structures and governance and equally how this issue is being resolved in recent times. Similarly, it attempts to examine how successful such resolution has taken shape. In conclusion, the paper investigates what can be done to realize greater effectiveness in the efforts to eradicate or curb the evils of corruption in Ghana now and in time to come within the context of the concurrent quest for democracy, accountability and good governance.