Former President John Dramani Mahama has pledged to reinstate the licenses of banks that, in his opinion, were unfairly forced to fail during the Bank of Ghana’s (BoG) recapitalization efforts.
“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 experienced 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,”. He said this while delivering his formal acceptance speech at the University of Development Studies (UDS) on Monday, May 15 after his victory as flagbearer of the National Democratic Congress (NDC) on Saturday, May 13.
He added that, “As far as practicable the banking licenses that were unjustly canceled by this government will be restored.”