John Dramani Mahama, the candidate for the National Democratic Congress, has declared that if elected president, he will reinstate the licenses of any banks that he believes were improperly closed.
On May 15, 2023, he promised to do so in his formal acceptance speech. On May 13, 2023, John Mahama was chosen to represent the National Democratic Congress.
The previous president announced that his administration will establish a multi-tiered banking structure to strengthen Ghana’s financial system.
“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,” he said in his address at the University of Development Studies in Tamale.
John Mahama also said he would see to it that those who lost their employment during the 2019 financial sector clean-up effort were 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 the banking licenses that were unjustly canceled by this government will be restored,” he said.
