Mahama Vows to Right the Wrongs: Restoring Unjustifiably Collapsed Bank Licenses

John Dramani Mahama has expressed his commitment to restoring the licenses of banks that he believes were unfairly collapsed during the Bank of Ghana's recapitalization exercise. During his acceptance speech at the University of Development Studies, he outlined his plans to promote local participation and boost various sectors such as banking, finance, telecommunications, tourism, mining, agriculture, and manufacturing to foster economic growth and provide sustainable employment for the youth.

Mahama emphasized the restoration of indigenous Ghanaian investments in the finance and banking sector. He also pledged to establish a tiered banking system that caters to different market segments. Additionally, he acknowledged the plight of those who lost their jobs in the banking sector and stated his intention to offer them the opportunity to resume their careers, moving away from the menial jobs they were forced to accept.

Mahama assured that, to the best of their abilities, the unjustly canceled banking licenses would be reinstated by his government. He aims to create a favorable environment for local businesses and ensure the stability and growth of the banking sector, ultimately contributing to Ghana's economic development.