Former President and the 2024 Presidential candidate for the National Democratic Congress (NDC), John Dramani Mahama claims the banking sector clean up exercise undertaken by the government under the leadership of President Nana Akufo-Addo, has led to the loss of lives of many Ghanaians.
According to the former President, the decision to clean up the banking sector was a very poor and insensitive decision taken by the Akufo-Addo/Bawumia government.
He maintains that the decision of the government has destroyed countless lives, with the few surviving victims living in debts.
Reacting to a video circulating online, the former President posted on his Official Facebook page alluding to the fact that the banking sector clean up exercise was a reckless decision taken by an insensitive government.
“Years after the poor and insensitive decisions by Akufo-Addo and Bawumia in the banking sector, countless lives have been destroyed, leaving families in debt, poverty, and devastation. This happens when a nation gambles with the well-being of its people. The power is in our hands—let’s choose a better future.”
Mr. Mahama earlier promised to restore the licenses of the banks that, in his view, were unjustifiably collapsed during the recapitalisation exercise undertaken by the Bank of Ghana (BoG).
It is recalled that as part of his acceptance speech after being elected as the flagbearer of the NDC on May 15, 2023, at the University for Development in Tamale, Mr. Mahama had stated categorically that, if he becomes President, all licenses revoked during the NPP’s tenure as government will be restored.
Mr. Mahama had said, “We 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.”
“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.
Mr. Mahama has reiterated his decision to restore licenses for the various banks whose licenses were unlawfully revoked.
He said, “As far as practicable the banking licenses that were unjustly canceled by this government will be restored.”
Source: Richard Nana Appiah Kubi/Ahotoronline.com
