John Dramani Mahama, the flagbearer of the National Democratic Congress (NDC), has made a strong pledge to reverse what he perceives as unjust actions taken by the current New Patriotic Party (NPP) administration.
Speaking at the NDC’s manifesto launch at the University of Education, Winneba, on Saturday, August 24, Mahama outlined key aspects of his vision for Ghana should he return to power through the upcoming December 7 polls, with a particular focus on addressing the economic turmoil and mistrust he claims have been caused by NPP policies.
Mahama promised to restore the licenses of financial institutions that he said were unjustly collapsed by the NPP government.
The financial sector clean-up, initiated by the NPP administration in 2018, led to the revocation of licenses of several banks, microfinance institutions, and other financial entities.
According to the NPP government, this move was intended to stabilize the financial sector and remove insolvent institutions, but it also sparked controversy and left many questioning the fairness and transparency of the process.
“We will restore the licenses of institutions that were wrongfully collapsed by the NPP government,” Mahama promised in his speech to a cheerful gathering.
He also vowed to launch a thorough investigation into the NPP government’s controversial Gold for Oil (G4O) program.
“We will investigate NPP’s opaque Gold for Oil programme,” the former president added.
The G4O initiative, introduced as a strategic measure to stabilize fuel prices and reduce the country’s dependency on foreign oil markets, has been mired in allegations of mismanagement and corruption.
Critics have pointed out that the program lacks transparency, with concerns raised over how contracts were awarded and the actual benefits derived from the scheme.
