The Pros And Cons Of Corruption In Ghana

Because power is a highly coveted asset, corruption is often intertwined with the journey in acquiring power. Because America has a two party system consisting of a Democratic Party and a Republican Party, there is much power to be obtained if one is able to secure a representative spot in either party (Tannahill 118). In particular, I believe representatives in the Republican Party are more concerned about their political seats and what power can be gained from their seats than doing what is best for their constituents. This can be seen in the public’s assessment of political parties and in the presence of crony capitalism.

Corruption is discussed in fields as diverse as economics, political science, anthropology, sociology, history, organization studies, international business, business ethics, psychology, and philosophy. According to Caiden (2001, 19), anthropologists found that public officials were distinguished from the rest of the population for their unique role in providing services and goods to the rest of the population. These public officials are expected to possess professional integrity, and consequently uphold the public interest. Therefore, the public officials also contribute to good governance. Corruption is barely a problem that is exclusive to developing countries (Klitgaard, 1998:3). Additionally, according to various researches, (Transparency International, 2011 and Kligaard 1998) corruption is mostly rampart in Africa.

Corruption defines the phenomenon in which a person who is in the position of authorities abuses power to acquire private benefits. Widespread of bribery have substantial detrimental effects on governments, firms, and the broader stakeholders in which it takes place. Corruption scandals reported in China, Pakistan, Egypt, South Africa and elsewhere draw a high attention on the corruption, especially in developing countries. Although in the past few decades, governments introduced a series of policies to prevent the fraud, it’s still hard to eliminate the corruption indeed.

Corruption is a set of unethical and dishonest practices that are done with the intention of self-enrichment usually at societal expense.Alege,Adamu and Muhammad (2014) defined corruption as efforts to secure wealth or power through illegal means for private gain at public expense or as a misuse of public power for private benefit.The World Bank (1997) defines corruption as the abuse of public office for private gain.Corruption therefore mainly involves those public figures regardless of whether they have authority or not.Corruption comes in different ways including bribery,extortion,emblezzement,tender selling etc.Research has shown that it is difficult to accurately measure the levels of corruption a country has.It has been shown that countries with high levels of corruption experience a negative correlation between corruption and economic growth as compared to those countries with relatively low levels of corruption. The World Bank describes corruption as ‘‘the single greatest obstacle to economic and social development. It undermines development by distorting the rule of law and weakening the institutional foundation on which economic growth depends’’. This paper therefore will mainly focus in administrative corruption in the public sector. The corruption index (CPI) published by Transparency International is used to rank countries according to the level and prevalence of corruption and the said country. . According to research from various authors including Mauro (1995)

The bank has been criticized for giving loans to countries with corrupted government (Behar, 2012). Corruption is a major problem in developing countries. Millions of loans in financial assistance would be rendered ineffective if such countries were run by corrupted governance. Many World Bank’s projects have failed due to the corrupted government in these developing nations (Behar, 2012).

This has swelled to more than $3 billion in 2007.13 The volume of Chinese aid including its concessional loans to Africa has grown from a total of $800 million in 2005 to a commitment of $10 billion between 2009 and 2012.14 However a secret database of Chinese aid to Africa obtained by the Washington-based Centre for Global Development (CGD) put the aid figure at $75 billion in 50 African countries from the years 2000-2011.15 In terms of infrastructure project, Chinese financing rose from $1 billion in 2003 to $7 billion in 2006. China’s aid is characterized by equality, and mutual respect for the sovereignty of the recipient countries. The loans are not conditional, interest free and repayment can be easily rescheduled. The loans are meant for projects that would generate income and make recipient countries self reliant and not one that would make them depend on

The columnist Michael Burleigh, Daily Mail, wrote an article (8 August 2013) on corruption in Nigeria with the heading “A country so corrupt it would be better to burn our aid money”. He continues stating that since its independence in 1960 Nigeria has received an estimated 400 billion USD and estimates indicate that since 1960 380 billion USD of government funds have been stolen and out of Nigeria’s 36 state governors, 31 are under federal investigation for corruption.

In my many travels to different parts of the world. I have seen that public corruption is commonly regarded as an issue for the country. Many governments have the same issues. Whether, it is domestic or international government. There is speculation of corruption and unfair treatment of the governments all over the world. There are other programs that can assist the government such as aid organizations, along with donor-states that have distinct programs to combat the issues. When you think about countries that contain a higher rate of corruption, there has been points made that the corruption is persistent, the point has been made that it has some advantage as well. This is not something any should be bragging about; municipal dishonesty can be and will be seen as an unescapable defect of developing a government (Bayley, 2010).

The subjects of inequality and corruption are heard all the time via media and real life. The main question to answer would be why and how these two definitions are connected and co-exist in various societies?

To begin this examination, an understanding of the issue is necessary to receive a full appreciation of why Nigeria’s failures in securitizing the issue of corruption is important to the argument. This unsuccessful securitization is possible because within government “corruption, while being tied particularly to the act of bribery, is a general term covering misuse of authority as a result of considerations of personal gain, which need not be monetary” (Bayley 720). Correspondingly, it is imperative for this overarching argument to comprehend this concept because the quote allows for the conclusion that corruption influences the root of decision making by enticing leaders and policy makers into acting in ways that

In any large, organized system where there is leadership, there will be corruption. It is merely a matter of the extent that corruption exists. In the case of our national government, there seems to be, from a very superficial and quick glance, professionalism and order, with recent years being an exception to this. If one is to look deeper, however, more and more corruption can be seen. For example, in congress, there are millions of dollars being “donated” to congress people by lobbyists, many of whom used to be congresspeople themselves, before leaving to work for companies who reward them with money for serving them while in congress. These congresspeople are supposed to be serving the people they represent, not companies and lobbyists, but since only one of these groups is giving them large sums of money, they are only representing one. Our executive branch also oftentimes served financial interests before the people of the country. For example, Obama did nothing to punish those responsible for the 2008 economic crash because they were part of a bank that donated him a large amount of money. More recently Donald Trump may have taken money from a Russian company in return for relaxing sanctions on Russia, although this is far from confirmed. In even more recent events, some of Trump’s employees and advisors are being indicted and investigated by the FBI for their relationship with Russia, suggesting some corruption there. This corruption is by no means a recent

Kenya is one of the most corrupt countries in the world due to a long legacy of corrupt leaders according to the recent transparency international standings(145/176). It is so visible, that it is impossible for a citizen or even a visitor to deny its presence. Corruption is a problem that is engulfed everywhere around the globe, in some countries more than others and it was not until a few years ago that the international donor community recognized corruption as one of the main responsibilities for the failure of development in Africa .Corruption hinders economic development and gradually slows down the democratic process and stability within a political system. The money gained out from corruption does not trickle down to the people nor is it used to make any development, instead is it used for private gain and to fund luxurious living. Corruption in Africa can be seen as both systemic and generalized, systemic since it is more of a rule than an exception and generalized since it is not limited to just one sector. There are three types of corruption that are found in a society, but will only mention two of them. The first type of corruption is described as grand corruption: which is corruption acts done by the political elite. They use their powers to gain private themselves, it is known as the worst form of corruption as it’s responsible for destroying communities at large. The second type of corruption is bureaucratic corruption, also known as petty corruption. In this

In political field, corruptions restrain democracy, rules and regulations. In a democratic system, government officer or public institution may lose their legality when they misuse the power for personal interest. For instance, a party offers some money for a person to vote them in an election. Other than this, corruption also results in negative consequences such as political instability and reducing transparency of political transaction.

I am a senior accountant working for Cape Tisbe International (CTI) and am writing this business report concerning the issue of a great amount of money $4 million that has been paid to a PNG government minister as “Consulting Fees” recently. In this report, I would like to identify the fact , the issues needed to be tackled, and then discuss the possible consequences derived from those issues, subsequently I will offer some plausible solutions in tackling this issue in a long-run development. .

Corruption is the misuse of public resources and office for private gain. However, this definition does not exclude the misuse of resources in corporate and private corporations. Generally, corruption is perceived to be more widespread in certain countries than others. In particular, the evil of corruption is widely practiced in developing countries. The most important consideration is to understand why this is the usual trend in corruption across the globe. In a general perspective, different theories have tried to associate this trend in corruption with specific cultural and historical traditions, political institutions, levels of economic development, as well as government policies. However, there is more to consider in this argument since corruption is also prominent in countries with histories of British rule, protestant traditions, and less economic development.