The National Democratic Congress’s (NDC) presidential candidate elect, Mr. John Dramani Mahama has promised to restore the licenses of banks which were unjustifiably collapsed under the Nana Addo Dankwa Akufo-Addo led New Patriotic Party (NPP) government.
In his view, most of the banks mainly owned by hard-working Ghanaians unjustifiably collapsed during the recapitalization exercise undertaken by the Bank of Ghana (BoG).
The NDC Flagbearer gave the promise when delivering a formal acceptance speech at the University of Development Studies (UDS) in the Northern regional capital Tamale on Monday, May 15, 2023.
Mr. Mahama again assured the nation that “his administration shall promote robust, local participation in our banking and financial, telecommunication, tourism, mining and agric and manufacturing sectors to grow our economy and create sustainable employment for our youths”.
He continued further by saying “We will restore indigenous Ghanaian investments in the finance and banking sector and we will create a tier banking system that will serve various segments of the market.
We will give the opportunity to experience banking hands who were laid off needlessly to secure their careers once more and move away from the menial jobs that they were compelled to take.
As far as practicable the banking licenses that were unjustly canceled by this government will be restored.”