The National Democratic Congress (NDC) flagbearer, John Dramani Mahama, has committed to reinstating the banking licenses of banks that have been wrongfully canceled.
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He made this vow at a formal acceptance address at the University of Development Studies (UDS) on Monday, May 15, following his re-election as the NDC’s flagbearer on Saturday, May 13.
Along with restoring the country’s defunct indigenous banks and other enterprises, he stated that allowing for local participation and ownership in them will be a top priority in order to revitalize the country’s ailing economy and create more jobs for its citizens.
Mr. Mahama said:
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“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.
“As far as practicable the banking licenses that were unjustly canceled by this government will be restored,” Mahama is quoted to have 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 rate sustainable employment for our youths.”
Mr. Mahama received over 99% of the votes cast by NDC delegates across the country, while his opponent, Kojo Bonsu, received only 1%.
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