John Dramani Mahama, the flagbearer of the National Democratic Congress (NDC), has vowed to reverse several decisions made by the current New Patriotic Party (NPP) administration, which he believes have been detrimental to Ghana’s economy and financial sector.
Speaking at the NDC’s manifesto launch at the University of Education, Winneba, on Saturday, August 24, John Mahama laid out his vision for the country should he win the upcoming elections.
A key part of his plan involves addressing what he described as the “economic turmoil” and “mistrust” that have arisen due to the NPP’s policies.
One of his major pledges is to reinstate the licenses of financial institutions that were shut down during the financial sector clean-up initiated by the NPP in 2018.
This clean-up, which led to the closure of several banks, microfinance institutions, and other financial entities, was intended to stabilize the sector by removing insolvent institutions.
However, John Mahama argues that many of these closures were unjust and caused significant harm to businesses and individuals.
“We will restore the licenses of institutions that were wrongfully collapsed by the NPP government,” he asserted, speaking to a supportive crowd.
He again emphasized that these actions not only disrupted the financial sector but also damaged public confidence in the government’s ability to manage the economy fairly.
In addition to this, John Mahama promised to conduct a thorough investigation into the NPP’s Gold for Oil (G4O) program, which has been criticized for its lack of transparency.
The G4O initiative was introduced as a way to stabilize fuel prices and reduce Ghana’s reliance on foreign oil markets.
However, the program has faced allegations of mismanagement and corruption, with concerns about how contracts were awarded and the actual benefits the country received from the scheme.
“We will investigate NPP’s opaque Gold for Oil programme,” John Mahama stated, highlighting the need for accountability and transparency in government dealings.
John Mahama’s pledges reflect his broader commitment to reversing what he sees as the damaging effects of the current administration’s policies and restoring confidence in Ghana’s governance and financial systems.
Story by: Emmanuel Romeo Tetteh (#RomeoWrites✍️) / Ahotoronline.com
