If Mr. John Mahama is elected president, he has pledged to reinstate the licenses of banks that he thinks were improperly shut down.
He claimed that his administration would establish a multi-tiered banking system to strengthen Ghana’s financial system.
The pledge was made on Monday, May 15, 2023, at the University of Development Studies (UDS) in Tamale by the NDC’s newly-elected 2024 presidential candidate.
On May 13, 2023, following the NDC’s presidential primary, John Mahama was selected as the party’s flagbearer.
He 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.”
“We will create a tier banking system that will serve various segments of the market,” he added.
He claims he will see to it that those who lost their jobs as a result of the 2019 banking sector clean-up exercise are given new jobs.
“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, we will restore the banking licenses that were unjustly cancelled by this,” he added.
Relatively, Mr. John Mahama has declared that his ministers and other appointees won’t be eligible for ex-gratia if he wins the 2024 elections.
The former president promised not to make the same mistakes the NPP government did in his acceptance speech following his selection as the NDC’s flagbearer.
He pledged not to enlarge the size of his administration.
In order to protect the public purse, Mr. Mahama stated in a speech at the University for Development Studies in Tamale that his next administration will have fewer than 60 ministers.
